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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 5, 1988 Citizens State Bank of Pleasant Hill IL First Bank
Dec 5, 1988 Bank of the West TX Wells Fargo Bank Texas, National Association
Dec 5, 1988 Roodhouse National Bank IL First Bank
Dec 5, 1988 The Mingo National Bank of Mingo Junction OH The Miners and Mechanics Savings and Trust Company
Dec 5, 1988 First Bank of Columbia, National Association IL First Bank
Dec 5, 1988 Arnold State Bank NE Pinnacle Bank
Dec 3, 1988 Farmers State Bank WI First National Bank in Viroqua
Dec 3, 1988 Viola Insurance Agency, Inc. WI Firsnabanco, Inc.
Dec 2, 1988 First Bank MA Shawmut Arlington Trust Company
Dec 2, 1988 The First National Bank of Loysville PA CCNB Bank, National Association
Dec 1, 1988 JFK Federal Credit Union MA Tremont Credit Union
Dec 1, 1988 Town & Country Shoe Federal Credit Union MO Central Missouri Community Credit Union
Dec 1, 1988 Aurora U.S. Industrial Bank CO American Industrial Bank of Aurora
Dec 1, 1988 Hartland Bancorp., Inc. WI M&I LLC
Dec 1, 1988 Aurora First National Bancorp IN Star Banc Corporation, Indiana
Dec 1, 1988 La Frey Fcu LA 705 Federal Credit Union
Dec 1, 1988 Saint Marys Lorain Parish Federal Credit Union OH Lormet Community Federal Credit Union
Dec 1, 1988 Greater Milwaukee Financial Corp. WI M&I LLC
Dec 1, 1988 Village Banc Holding Co., Inc. WI M&I LLC
Dec 1, 1988 Key Bank of Southern Maine ME KeyBank National Association
Dec 1, 1988 Key Bank of Northern Maine ME KeyBank National Association
Dec 1, 1988 Cato Employees Federal Credit Union NC Alero Financial Credit Union
Dec 1, 1988 Dallas News Empl Cu TX Resource One Credit Union
Dec 1, 1988 Key Bank of Eastern Maine ME KeyBank National Association
Dec 1, 1988 Star Bank, National Association, Aurora IN Star Bank, National Association, Southeastern Indiana
Dec 1, 1988 The First National Bank of Maiden Rock WI Pierce County Bank and Trust Company
Dec 1, 1988 Signal Empl Cu TN Scenic Community Credit Union
Dec 1, 1988 Ua Local 469 Credit Union AZ Arizona Central Credit Union
Dec 1, 1988 First National Bank in Galva IL Wells Fargo Bank Illinois, National Association
Dec 1, 1988 First State Bank of Edgerton WI M&I Bank South
Dec 1, 1988 Leveranz Shoe Credit Union WI Sheboygan Area Credit Union
Dec 1, 1988 Commerce Bank of Harrisonville, N. A. MO Commerce Bank
Dec 1, 1988 Commerce Bank of Lexington, National Association MO Commerce Bank
Dec 1, 1988 Norwest Bank Owatonna, National Association MN Norwest Bank Minnesota South, N.A.
Dec 1, 1988 Austin Steel Cu TX Resource One Credit Union
Nov 30, 1988 United Bank of Belvidere IL First of America-North Central Illinois, National Association
Nov 29, 1988 American Security Company of Bedford, Incorporated IN National Processing Company
Nov 29, 1988 Riley Company, Inc. IN Merchants National Corporation
Nov 28, 1988 Pilot Point Bancshares Corporation TX Pilot Point Bancorp, Inc.
Nov 25, 1988 Bankcenter One MO Mark Twain Bank
Nov 23, 1988 Pueblo U.S. Industrial Bank CO American Industrial Bank, Inc
Nov 23, 1988 Colorado Springs U.S. Industrial Bank CO American Industrial Bank, Inc
Nov 23, 1988 Gsa No 3 Federal Credit Union DC Justice Federal Credit Union
Nov 22, 1988 Carver County Bancshares, Inc. MN Midamerica Bancshares, Inc.
Nov 21, 1988 (unnamed) — First Midwest Bank
Nov 21, 1988 Naper Bank Bolingbrook IL Firstar Bank Illinois
Nov 21, 1988 Wyoming National Bank Cheyenne East WY Norwest Bank Wyoming Cheyenne, National Association
Nov 19, 1988 Clay County Bank TN DeKalb County Bank & Trust Company
Nov 19, 1988 Sunshine Bank of Fort Walton Beach FL Regions Bank of Florida
Nov 17, 1988 Mutual Service Credit Union NC Truliant Federal Credit Union

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