Mergers by Year
Bank Mergers in 1989
The Federal Reserve's National Information Center (NIC) recorded 971 merger records involving a bank, credit union or bank holding company in 1989. 439 had a bank as the acquired institution. Many acquired parties in this period are not classified as banks, credit unions or holding companies, so the bank count understates the year; the full list is below. NIC recorded 1,275 in 1988.
439
Banks acquired
NIC, banks as the acquired side
0
Credit unions merged
NIC, credit unions as the acquired side
113
Holding companies
Bank holding companies merged
Largest bank mergers of 1989
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Dec 31, 1989 | Landmark SVG BK SSB | — | Oak Tree Federal Savings Bank |
| Dec 31, 1989 | De Soto State Bank | — | Provident Bank - Dallas |
| Dec 31, 1989 | Peoples State Bank | — | Peoples National Bank |
| Dec 31, 1989 | The Security State Bank of Commerce | — | Provident Bank - Dallas |
| Dec 31, 1989 | Provident Bank-Denton | — | Provident Bank - Dallas |
| Dec 31, 1989 | Blue Earth State Bank | — | Midamerica Bank South |
| Dec 31, 1989 | Heritage Federal Savings and Loan Association | — | Chester National Bank |
| Dec 31, 1989 | Columbus Savings, a Federal Savings and Loan Association | — | Homefed Bank, Federal Association |
| Dec 31, 1989 | First State Bank | — | Provident Bank - Dallas |
| Dec 30, 1989 | Summit Bank of Hamilton County | — | Summit Bank of Indianapolis |
| Dec 30, 1989 | Southeast Bank of Gainesville | — | Southeast Bank, N.A. |
| Dec 30, 1989 | Southeast Bank for Savings, A FSB | — | Southeast Bank, N.A. |
| Dec 30, 1989 | Dukedom Bank | — | Reelfoot Bank |
| Dec 30, 1989 | Old Kent Bank-Northwest | — | Old Kent Bank, National Association |
| Dec 30, 1989 | Hanover Bank of Florida | — | North Ridge Bank |
Every merger recorded in 1989
971 NIC merger records in 1989 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Aug 26, 1989 | Magna Bank of New Holland | Magna Bank of Lincoln |
| Aug 26, 1989 | Citizens Bancorporation | Frontier Financial Corporation |
| Aug 26, 1989 | Citizens Bank of Snohomish County | Frontier Bank |
| Aug 25, 1989 | H.E.R.E. Local 274 Federal Credit Union | Philadelphia Federal Credit Union |
| Aug 25, 1989 | Etcor Federal Credit Union | Heights Community Federal Credit Union |
| Aug 25, 1989 | Geesi Federal Credit Union | Lebanon Federal Credit Union |
| Aug 24, 1989 | Vipol Federal Credit Union | Bay Atlantic Federal Credit Union |
| Aug 24, 1989 | Whitestown Federal Credit Union | G.P.O. Federal Credit Union |
| Aug 22, 1989 | Teeds Grove Savings Bank | Community Bank |
| Aug 21, 1989 | New Haven Merchant's Bank | The Bank of New Haven |
| Aug 19, 1989 | State Bank of Syracuse | (unnamed) |
| Aug 18, 1989 | Nanuet National Bank | The Bank of New York Mellon |
| Aug 18, 1989 | Ultra Bancorporation | National Westminster Bancorp NJ |
| Aug 18, 1989 | Bank of New England-Essex | Bank of New England-North, National Association |
| Aug 18, 1989 | Colona Avenue State Bank | Metrobank, National Association |
| Aug 18, 1989 | GT/S and S Employees Federal Credit Union | Meadows Credit Union |
| Aug 15, 1989 | Ladysmith Corporation | Pioneer Acquisition Corp. |
| Aug 15, 1989 | First Healthcare Credit Union | Illinois State Police Federal Credit Union |
| Aug 11, 1989 | First Bristol County National Bank | Fleet National Bank of Massachusetts |
| Aug 10, 1989 | Western Union Employees Credit Union | Vicinity Credit Union |
| Aug 10, 1989 | First Federal Savings and Loan Association of Akron | Charter One Bank, National Association |
| Aug 10, 1989 | Western Reserve Savings Bank | Charter One Bank, National Association |
| Aug 9, 1989 | Post-Telegram Employees Federal Credit Union | Bridgeport Hospital Federal Credit Union |
| Aug 9, 1989 | Usl Battery Employees Federal Credit Union | Niagara's Choice Federal Credit Union |
| Aug 9, 1989 | Buena Vista Savings & Industrial Bank | Peoples National Bank |
| Aug 8, 1989 | Progresso Federal Credit Union | Bay Atlantic Federal Credit Union |
| Aug 8, 1989 | Schuyler Hospital Employees Federal Credit Union | Finger Lakes Health Care Federal Credit Union |
| Aug 7, 1989 | Olde Rheims Federal Credit Union | Servu Federal Credit Union |
| Aug 7, 1989 | Atlantic Coast 66 Credit Union | Truity Federal Credit Union |
| Aug 5, 1989 | Arlington Banc Corporation | P.T.C. Bancorp |
| Aug 4, 1989 | Fedstar Savings Bank, Federal Savings Bank | Household Bank, F.S.B. |
| Aug 4, 1989 | Commerce Bank of Kirksville National Association | First National Bank of Kirksville |
| Aug 4, 1989 | Dutchess Bank and Trust Company | The Bank of New York Mellon |
| Aug 3, 1989 | Bank of Harwood | Tri-County State Bank of Eldorado Springs |
| Aug 2, 1989 | Beverly Building & Loan Association | Peoples Savings Bank |
| Aug 2, 1989 | Kenmare Community Credit Union | Town & Country Credit Union |
| Aug 1, 1989 | UnibancTrust/Hawthorne | Old Kent Bank |
| Aug 1, 1989 | Illinois Regional Mortgage Corporation | Old Kent-Illinois, Inc. |
| Aug 1, 1989 | Warn-Belleview Employees Federal Credit Union | United Trades Federal Credit Union |
| Aug 1, 1989 | First Nebraska Bank | First Nebraska Bank |
| Aug 1, 1989 | I P I Federal Credit Union | Indiana Members Credit Union |
| Aug 1, 1989 | Robertson Paper Box Employees Credit Union | Connecticut Community Credit Union, Inc. |
| Aug 1, 1989 | Saint Therese New Bedford Federal Credit Union | First Citizens Federal Credit Union |
| Aug 1, 1989 | Bank of Paradise | Wells Fargo Bank, N.A. |
| Aug 1, 1989 | Visitation Credit Union, Inc. | Trupartner Credit Union, Inc. |
| Aug 1, 1989 | Operators Inc Fcu | Cusa Federal Credit Union |
| Aug 1, 1989 | California Hardware Company Employees Federal Credit Union | Credit Union of Southern California, a Federal Credit Union |
| Aug 1, 1989 | Placer County Employees Credit Union | The Golden 1 Credit Union |
| Aug 1, 1989 | Cumberland Corp Empl Cu | Comtrust Federal Credit Union |
| Aug 1, 1989 | Community National Bank | Orange Bank |
Bank mergers by year
Source: Federal Reserve National Information Center (NIC) transformations, type "merger". A record counts when a bank, credit union or bank holding company is on at least one side. NIC also logs internal consolidations, such as a subsidiary bank folded into a sister bank, so a record is not always an arm's-length deal. Asset figures come from FFIEC call reports (banks) and NCUA 5300 call reports (credit unions). Credit union mergers appear in the NIC records from 2013 on.
Explore: all mergers · 1989 bank events · browse by acquirer · bank failures · all events