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 1, 1989 | Farmers State Bank of Benson | Commerce Bank of Woodford County, National Association |
| Aug 1, 1989 | First of America Bank-Grand Traverse, National Association | First of America Bank - Northern Michigan |
| Aug 1, 1989 | Farmers Co-Op Elevator Credit Union | Members1st Community Credit Union |
| Aug 1, 1989 | The First National Bank of Barnesville | American Bank Moorhead |
| Aug 1, 1989 | The Liberty State Bank of Tahlequah, Oklahoma | BancFirst |
| Aug 1, 1989 | United Specialties Employees Credit Union | Sherwin Williams Employees Credit Union |
| Aug 1, 1989 | Niagara Federal Credit Union | Erie Times Employees Federal Credit Union |
| Aug 1, 1989 | North Chicago Federal Savings and Loan Association | M & I Bank N.A. |
| Aug 1, 1989 | State Bank of Merna | Nebraska State Bank and Trust Company |
| Aug 1, 1989 | Randolph Co-operative Bank | The Co-operative Bank of Concord |
| Aug 1, 1989 | Wyatt Employees Federal Credit Union | Science Park Federal Credit Union |
| Aug 1, 1989 | Spokane Grange Credit Union | Spokane Teachers Credit Union |
| Jul 31, 1989 | (unnamed) | The First National Bank of Southeastern Ohio |
| Jul 31, 1989 | Tribune Credit Union | Sound Credit Union |
| Jul 31, 1989 | Manchester Credit Union | Dane County Credit Union |
| Jul 29, 1989 | Severy State Bank | Home Bank and Trust Company |
| Jul 28, 1989 | San Pedro Bank | Norwest Bank Texas, South, National Association |
| Jul 24, 1989 | B.H.C. Federal Credit Union | Philadelphia Federal Credit Union |
| Jul 24, 1989 | Plainville Federal Credit Union | Arise Federal Credit Union |
| Jul 24, 1989 | The First National Bank of Abbeville | First Commercial Bank, Franklin, Louisiana |
| Jul 21, 1989 | The Lowry City Bank | St. Clair County State Bank |
| Jul 21, 1989 | Cardinal Bancshares, Inc. | Cardinal Bancshares, Inc. |
| Jul 21, 1989 | III County Federal Credit Union | Infuze Federal Credit Union |
| Jul 21, 1989 | United Community Bank *Pawnee* | United Community Bank |
| Jul 18, 1989 | Lyman Savings and Loan Association | Parkvale Savings Bank |
| Jul 17, 1989 | G B C Employees Credit Union | Meadows Credit Union |
| Jul 17, 1989 | Parkchester Federal Credit Union | Nea Federal Credit Union |
| Jul 17, 1989 | First State Bank | Pioneer Bank & Trust |
| Jul 15, 1989 | Sovran Bank/Marshall County, National Association | NationsBank of Tennessee, National Association |
| Jul 15, 1989 | Key City Bank and Trust Company | Dubuque Bank and Trust Company |
| Jul 15, 1989 | West Side Bank | Hanover Bank |
| Jul 13, 1989 | South Arkansas Federal Credit Union | Carter Federal Credit Union |
| Jul 12, 1989 | Heartland Federal Credit Union | Mid Minnesota Federal Credit Union |
| Jul 11, 1989 | Superior Fireproof Door Employees Federal Credit Union | First Credit Union of Scranton |
| Jul 11, 1989 | T of NH Federal Credit Union | Port Washington Federal Credit Union |
| Jul 8, 1989 | Sharon Savings Bank Federal Savings Bank | Household Bank, F.S.B. |
| Jul 8, 1989 | First State Bank | Warren-Boynton State Bank |
| Jul 8, 1989 | Commerce Bank of Hutchinson N.A. | Emprise Bank, National Association |
| Jul 7, 1989 | State Employee Credit Union | Capitol Credit Union |
| Jul 5, 1989 | Craftsman Credit Union | Webster First Federal Credit Union |
| Jul 5, 1989 | First Security Bancorp | West One Bancorp, Washington |
| Jul 3, 1989 | University Credit Union | Virginia Federal Credit Union |
| Jul 3, 1989 | Glenmore Permanent Building and Loan Association | The Columbia Bank |
| Jul 3, 1989 | Wellsville Community Federal Credit Union | Alco Federal Credit Union |
| Jul 1, 1989 | Cherokee Federal Credit Union | Mountain Credit Union |
| Jul 1, 1989 | Lafayette Indiana School Employees Federal Credit Union | Purdue Federal Credit Union |
| Jul 1, 1989 | Simpson Albany Employees Federal Credit Union | 44 North Credit Union |
| Jul 1, 1989 | Coca-Cola Bottling Company Credit Union | Telco Community Credit Union |
| Jul 1, 1989 | First United Bank | OmniBank |
| Jul 1, 1989 | Cgemc Empl Cu | Go Energy Financial Credit Union |
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.
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