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Calendar Year

1988 in US Banking

1,745 bank events are on record for 1988: 232 failures, 1,275 mergers or acquisitions involving a bank, credit union or bank holding company, and 0 enforcement actions.

232
Failures
$48.36B in failed assets
1,275
Mergers
Federal Reserve NIC, banking organizations
0
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
238
Assistance
FDIC open-bank assistance

Jump to: Bank failures 1988 · Bank mergers 1988

How many banks failed in 1988?

232 banks failed in 1988, with $48.36B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Jul 29, 1988 First Republicbank-Lufkin Lufkin, TX $224.9M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Abilene, N.A. Abilene, TX $218.2M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-El Paso, N.A. El Paso, TX $217.7M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Harlingen, N.A. Harlingen, TX $213.6M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Conroe, N.A. Conroe, TX $207.7M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Corsicana, N.A. Corsicana, TX $200.6M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Plano, N.A. Plano, TX $199.7M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Victoria Victoria, TX $175.2M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Odessa, N.A. Odessa, TX $175.0M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Mineral Wells Mineral Wells, TX $174.4M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Temple, N.A. Temple, TX $163.6M NCNB Texas National Bank
Jul 29, 1988 First REPUBLICBANK-MT. Pleasant Mt. Pleasant, TX $148.1M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Denison, N.A. Denison, TX $143.5M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Henderson, N.A. Henderson, TX $128.9M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Brownwood, N.A. Brownwood, TX $126.7M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Stephenville Stephenville, TX $124.2M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Cleburne, N.A Cleburne, TX $118.4M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-A&m College Station, TX $101.0M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Richmond, N.A Richmond, TX $99.9M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Ennis, N.A. Ennis, TX $96.1M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Greenville, N.A. Greenville, TX $85.9M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Clifton Clifton, TX $82.3M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Paris Paris, TX $79.3M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Hillsboro, N.A. Hillsboro, TX $68.1M NCNB Texas National Bank
Jul 29, 1988 American of Anadarko Anadarko, OK $65.1M —
Jul 29, 1988 Westlake Thrift & Loan Association Westlake Village, CA $55.2M Independence Bank
Jul 29, 1988 First Republicbank-Forney Forney, TX $54.6M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Malakoff, N.A Malakoff, TX $49.6M NCNB Texas National Bank
Jul 29, 1988 First Republicbank-Williamson CN Austin, TX $44.0M NCNB Texas National Bank
Jul 28, 1988 First Capitol Bank West Columbia, TX $50.0M First Bank
Jul 28, 1988 National Fidelity Bank of Shreveport Shreveport, LA $10.5M Hibernia National Bank
Jul 21, 1988 Platte Valley FS&LA Gering, NE $407.6M —
Jul 21, 1988 Union Bank & Trust Bartlesville, OK $115.4M First NB in Bartlesville
Jul 21, 1988 The First National Bank of Blooming Prairi Blooming Prairie, MN $20.0M First Amn BK Blooming PR
Jul 14, 1988 Allen National Bank Allen, TX $26.3M Benchmark Bank
Jul 14, 1988 The American Bank Palestine, TX $20.8M Royall NB of Palestine
Jul 14, 1988 The Security Bank Warner, OK $9.4M Vian State Bank
Jun 30, 1988 Mercantile Bank & Trust San Antonio, TX $76.2M Groos Bank National Assn
Jun 30, 1988 First National Bank Sherman, TX $24.5M First NB of Van Alstyne
Jun 30, 1988 Republic National Bank Norman, OK $24.3M Republic Bank of Norman
Jun 29, 1988 Claiborne Bank & Trust Company Homer, LA $13.1M Homer National Bank
Jun 23, 1988 Northwest Bank & Trust Houston, TX $97.6M Northwest Bank
Jun 23, 1988 Texas National Bank Victoria, TX $14.4M Texas NB of Victoria
Jun 23, 1988 Tri-Cities Bank & Trust Glenn Heights, TX $9.2M Abrams Centre National B
Jun 22, 1988 The Bank of Westminster Westminster, CO $6.5M First NB Westminster
Jun 17, 1988 The Liberty Bank of Seattle Seattle, WA $19.1M Emerald City Bank
Jun 16, 1988 Century National Bank Austin, TX $54.0M Community National Bank
Jun 16, 1988 Kingsland National Bank Kingsland, TX $14.1M Security State Bank&trus
Jun 9, 1988 Parkway Bank & Trust Dallas, TX $42.3M Deposit Guaranty Bank
Jun 3, 1988 Larue FS&LA Hodgenville, KY $12.0M —

Which banks merged in 1988?

1,275 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1988.

See the fuller list: Bank mergers 1988 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 28, 1988 Family Financial Savings Association WI Bank Mutual
Dec 27, 1988 (unnamed) — American National Bank of Melrose Park
Dec 27, 1988 The Citizens Building and Loan Company OH Unity Savings Bank
Dec 27, 1988 Pacific Bancorporation Data Systems, Inc. CA Pacific Bancorporation
Dec 23, 1988 Glen Ellyn Savings and Loan Association, a Federal Savings and Loan Association IL Citibank, Federal Savings Bank
Dec 23, 1988 Old National Credit Corporation WA U.S. Bancorp
Dec 20, 1988 Ufcw Local 7 Credit Union CO Electrical Federal Credit Union
Dec 19, 1988 Sierra Security Bank CA Plumas Bank
Dec 19, 1988 First National Bank of Crosby TX Compass Bank
Dec 19, 1988 Compass Bank N.A. TX Compass Bank
Dec 17, 1988 Tri-City Bancorp, Inc. TN First Virginia Banks, Inc.
Dec 17, 1988 Fairlawn Plaza Investments, Inc. KS IV Topeka Acquisition, Inc.
Dec 17, 1988 Fairlawn Plazabank KS Bank IV Topeka, National Association
Dec 16, 1988 Community First Federal Savings WA Pacific First Bank, a Federal Savings Bank
Dec 16, 1988 Somerset Bancorp, Inc. NJ The Summit Bancorporation
Dec 16, 1988 Lamorinda Financial Corporation CA Mission Valley Bancorp
Dec 15, 1988 Tri-County State Bank IA Security State Bank
Dec 15, 1988 Great Northern Savings IL Lasalle Bank, F.S.B.
Dec 15, 1988 Applewood U.S. Industrial Bank CO American Industrial Bank of Lakewood
Dec 15, 1988 First City National Bank of Richmond TX First City, Texas - Houston, N.A.
Dec 15, 1988 Landrum Mills Federal Credit Union SC Southern Select Community Cu
Dec 13, 1988 Purple Shield Fcu LA Southern Teachers & Parents Federal Credit Union
Dec 12, 1988 Cal Co Maryland Federal Credit Union MD Educational Systems Federal Credit Union
Dec 12, 1988 First Interstate Bank of Bedford TX Wells Fargo Bank Texas, National Association
Dec 12, 1988 First Interstate Bank of Plano, National Association TX Wells Fargo Bank Texas, National Association
Dec 12, 1988 First Interstate Bank of Fort Worth TX Wells Fargo Bank Texas, National Association
Dec 12, 1988 First Interstate Bank of Dallas, National Association TX Wells Fargo Bank Texas, National Association
Dec 12, 1988 First Interstate Bank of Mesquite, National Association TX Wells Fargo Bank Texas, National Association
Dec 12, 1988 First Interstate Bank of Marshall TX Wells Fargo Bank Texas, National Association
Dec 12, 1988 First Interstate Bank of Cedar Hill, National Association TX Wells Fargo Bank Texas, National Association
Dec 12, 1988 First Interstate Bank of Dallas TX Wells Fargo Bank Texas, National Association
Dec 12, 1988 First Interstate Bank of Keller, National Association TX Wells Fargo Bank Texas, National Association
Dec 12, 1988 First Interstate Bank of North Richland Hills, National Association TX Wells Fargo Bank Texas, National Association
Dec 12, 1988 First Interstate Bank of Longview TX Wells Fargo Bank Texas, National Association
Dec 12, 1988 First Interstate Bank of Arlington TX Wells Fargo Bank Texas, National Association
Dec 12, 1988 First Interstate Bank Brookhollow TX Wells Fargo Bank Texas, National Association
Dec 12, 1988 First Interstate Bank North Central, National Association TX Wells Fargo Bank Texas, National Association
Dec 12, 1988 First Interstate Bank of Oak Cliff TX Wells Fargo Bank Texas, National Association
Dec 12, 1988 First Interstate Bank of Irving TX Wells Fargo Bank Texas, National Association
Dec 12, 1988 First Interstate Bank of Waxahachie, National Association TX Wells Fargo Bank Texas, National Association
Dec 10, 1988 Community State Bank WA Bellingham Bank
Dec 10, 1988 The Peoples National Bank of Shelbyville TN First Union National Bank of Tennessee
Dec 9, 1988 Grand Bank Northeast TX Comerica Bank - Texas
Dec 9, 1988 McDonald County Mercantile Bank MO Mercantile Bank of Monett
Dec 9, 1988 Centerre Bancorporation MO Boatmen's Bancshares, Inc.
Dec 9, 1988 Mutual State Bank NE Mid City Bank, Inc.
Dec 9, 1988 Grand Bank, National Association TX Comerica Bank - Texas
Dec 6, 1988 Kolob Investment Company UT Central Bancorporation
Dec 6, 1988 Edwardsville State Bank KS The Edwardsville Bank
Dec 5, 1988 First Bank IL First Bank

The list holds 500 of the 1,275 mergers recorded for 1988.

FDIC Open-Bank Assistance in 1988

Date Institution HQ Assets
Sep 1, 1988 Fidelity FS&LA Berwyn, IL $37.1M
Sep 1, 1988 Frankton FS&LA Frankton, IN $30.6M
Aug 31, 1988 Midamerica FS&LA Tulsa, OK $482.5M
Aug 31, 1988 Mutual FS&LA Oklahoma City, OK $173.0M
Aug 31, 1988 Capitol FSB Oklahoma City, OK $117.4M
Aug 31, 1988 First Oklahoma Savings Bank Tulsa, OK $37.3M
Aug 26, 1988 Pioneer FS&LA in Mason City Mason City, IA $314.0M
Aug 26, 1988 Washington FSB of Stillwater Stillwater, MN $295.8M
Aug 26, 1988 Peoples S&LA Owantonna, MN $210.8M
Aug 26, 1988 Homestate S&LA Hayward, CA $182.1M
Aug 26, 1988 First FS&LA of Grand Rapids Grand Rapids, MN $105.9M
Aug 26, 1988 First FS&LA of Brainerd Brainerd, MN $86.6M
Aug 26, 1988 First FS&LA of Hibbing Hibbing, MN $47.3M
Aug 26, 1988 Commerce FSB Knoxville, TN $40.1M
Aug 26, 1988 Northwest FS&LA Boise, ID $26.7M
Aug 19, 1988 Summit Savings Association Dallas, TX $185.9M
Aug 18, 1988 Richardson Savings Association Dallas, TX $706.1M
Aug 18, 1988 Majestic Savings Association McKinney, TX $283.5M
Aug 18, 1988 Paris S&LA Paris, TX $254.1M
Aug 18, 1988 Longview S&LA Longview, TX $145.6M
Aug 18, 1988 Skyline Savings Association Dallas, TX $118.2M
Aug 18, 1988 American Banc Savings Associat Dallas, TX $62.8M
Aug 18, 1988 Irving S&LA Irving, TX $53.1M
Aug 18, 1988 Southland Savings Association Longview, TX $31.5M
Aug 18, 1988 Commerce FS&LA Commerce, TX $29.5M
Aug 18, 1988 Gladewater FS&LA Gladewater, TX $24.9M
Aug 11, 1988 Capitol FS&LA Evergreen Park, IL $229.1M
Aug 11, 1988 Western FS&LA Council Bluffs, IA $23.9M
Aug 11, 1988 First Federal Savings Bank Shenadoah, IA $20.7M
Aug 10, 1988 First FS&LA of Taylorville Taylorville, IL $34.6M
Aug 9, 1988 Security State Bank Casey, IA $15.4M
Aug 2, 1988 First of Longview Longview, WA $78.1M
Jul 28, 1988 Home FS&LA Peoria, IL $115.1M
Jul 28, 1988 Mutual FS&LA Canton, IL $30.4M
Jul 28, 1988 Galva FS&LA Galva, IL $12.8M
Jul 21, 1988 First Security SB Pleasant Hill, CA $176.5M
Jul 15, 1988 Oak Forest National Bank Longview, TX $7.4M
Jul 14, 1988 Texas Bank San Antonio, TX $57.2M
Jul 14, 1988 Texas Bank North, N.A. San Antonio, TX $5.8M
Jul 8, 1988 McLean S&LA McLean, VA $318.9M
Jun 24, 1988 Stanford S&LA Palo Alto, CA $73.5M
Jun 24, 1988 Lynnwood S&LA Lynnwood, WA $24.1M
Jun 22, 1988 First Financial a Savings Association of E El Paso, TX $325.7M
Jun 14, 1988 Bank of Imboden Imboden, AR $16.2M
Jun 6, 1988 Frontier Federal Savings Bank Dyersburg, TN $43.7M
Jun 2, 1988 Muskegon FS&LA Muskegon, MI $204.6M
May 26, 1988 Bluebonnet Sa of Texas Hempstead, TX $24.1M
May 25, 1988 First FS&LA of Hammonton Hammonton, NJ $237.6M
May 18, 1988 Lamar Savings Association Austin, TX $1.94B
May 18, 1988 Briercroft Savings Association Austin, TX $867.5M

Browse adjacent years: 1987 · 1989

Or jump to a category: Failures · Mergers · Enforcement · Assistance