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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
Oct 1, 1988 U. S. Steel Vandergrift Federal Credit Union PA Kennametal Employees Federal Credit Union
Oct 1, 1988 First National Bank-South TX First National Bank of Huntsville
Oct 1, 1988 MKT San Antonio Credit Union TX Generations Community Federal Credit Union
Oct 1, 1988 Jasco Empl Cu TX Resource One Credit Union
Oct 1, 1988 First Wyoming Bank - Wright WY Key Bank of Wyoming - Seventh and Douglas Highway, Gillette, Wyoming 827
Oct 1, 1988 Rcac Federal Credit Union CA Patelco Credit Union
Oct 1, 1988 Star Bank, Gallipolis OH Star Bank, National Association, Tri State
Oct 1, 1988 Crocker Employees Federal Credit Union CA Monterra Credit Union
Oct 1, 1988 U.S. Postal Service Federal Credit Union CA U S Postal Service Federal Credit Union
Oct 1, 1988 State Bank and Trust Company GA FLAG Bank
Oct 1, 1988 Metropolitan Medical Center Credit Union MN Associated Healthcare Credit Union
Oct 1, 1988 Peoria Graphic Arts Credit Union IL Citizens Equity First Credit Union
Oct 1, 1988 (unnamed) — Premier Bank - Acadiana, National Association
Oct 1, 1988 Calhoun-Gordon County Educational Credit Union GA LGE Community Credit Union
Oct 1, 1988 First Bank of Troy ID KeyBank National Association
Oct 1, 1988 Durr-Fillauer Cu AL Americas First Federal Credit Union
Oct 1, 1988 Bergner Associates Credit Union IL Citizens Equity First Credit Union
Oct 1, 1988 Key Bank of Long Island NY Key Bank of Southeastern New York National Association
Oct 1, 1988 Citizens Federal Savings and Loan Association of Newcastle IN Ameriana Bank
Oct 1, 1988 Dassel State Bank MN Marquette Bank Hutchinson, National Association
Oct 1, 1988 Saint Patrick Parish Credit Union IL Redbrand Credit Union
Oct 1, 1988 First Wyoming Bank - Meeteetse WY Key Bank of Wyoming - 1130 Sheridan Avenue, Cody, Wyoming 82414
Oct 1, 1988 Sun Company Employees Credit Union CA 1st Valley Credit Union
Oct 1, 1988 United Savings and Loan Association of Central Indiana IN First American Bank
Oct 1, 1988 (unnamed) — Bank One, Louisiana, National Association
Oct 1, 1988 Uscs Employees Federal Credit Union NJ Philadelphia Federal Credit Union
Oct 1, 1988 The State National Bank of New Iberia LA Premier Bank - Acadiana, National Association
Oct 1, 1988 USTrust/Essex MA USTrust
Oct 1, 1988 Mispoco Empl Cu MS Powerco Federal Credit Union
Oct 1, 1988 FRY's Employees Federal Credit Union AZ Sunwest Federal Credit Union
Oct 1, 1988 Health Care Credit Union WA Rainier Pacific Savings Bank
Oct 1, 1988 Murfreesboro Veterans Administration Federal Credit Union TN Ascend Federal Credit Union
Oct 1, 1988 Michigan Bank - Mid South MI Republic Bank
Oct 1, 1988 I.B. Mortgage Network, Inc. CA Imperial Bank
Oct 1, 1988 Gae Members Cu GA Pinnacle Credit Union
Oct 1, 1988 IB&T Corporation ID Key Bancshares of Idaho, Inc.
Oct 1, 1988 Professional Financial Services Credit Union IA Financial Plus Credit Union
Oct 1, 1988 Amalgamated Associates Company IL Amalgamated Investments Company
Oct 1, 1988 First Bancorp of Mascoutah, Ltd. IL First Bancorp of Mascoutah, Ltd.
Oct 1, 1988 Modoc County Grangers Credit Union CA Sierra Central Credit Union
Oct 1, 1988 Saint Louis De France Federal Credit Union MA St. Anne's Credit Union
Oct 1, 1988 (unnamed) — Norwest Bank Cedar Rapids, National Association
Oct 1, 1988 First Federal Savings Bank SC South Carolina Federal Savings Bank
Oct 1, 1988 Phillips 66 Employees Credit Union MO Arsenal Credit Union
Oct 1, 1988 Torrey Pines Federal Credit Union CA San Diego County Credit Union
Oct 1, 1988 Bedford County Bank TN First American Bank, Murfreesboro
Oct 1, 1988 Heritage Federal Savings Bank IN Railroadmen's Federal Savings and Loan Association of Indianapolis
Oct 1, 1988 Moores Employees Federal Credit Union VA Tremont Credit Union
Oct 1, 1988 Metro District #1 Federal Credit Union CO Canvas Credit Union
Sep 30, 1988 First City Bank of Northline TX First City, Texas - Houston, N.A.

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

FDIC Open-Bank Assistance in 1988

Date Institution HQ Assets
May 18, 1988 City S&LA San Angelo, TX $681.2M
May 18, 1988 Stockton Savings Association Dallas, TX $543.0M
May 18, 1988 The American State Bank Yankton, SD $62.1M
May 13, 1988 Colorado County FS&LA Columbus, TX $212.9M
May 13, 1988 Security S&LA Dickinson, TX $105.8M
May 13, 1988 Alliance S&LA (Houston) Austin, TX $103.7M
May 13, 1988 Cameron County S&LA San Benito, TX $27.6M
Apr 28, 1988 Citizens Bank of Tulsa Tulsa, OK $6.7M
Apr 25, 1988 Bond County State Bank Pocahontas, IL $6.3M
Apr 20, 1988 First City, Texas - Houston, N.A. Houston, TX $4.42B
Apr 20, 1988 First City, Texas - Austin Austin, TX $710.5M
Apr 20, 1988 First City - Sioux Falls N.A. Sioux Falls, SD $597.7M
Apr 20, 1988 First City, Texas - Dallas Dallas, TX $590.3M
Apr 20, 1988 First City, Texas - Beaumont Beaumont, TX $447.4M
Apr 20, 1988 First City, Texas - Corpus Christi Corpus Christi, TX $441.6M
Apr 20, 1988 First City, Texas - El Paso El Paso, TX $391.8M
Apr 20, 1988 First City, Texas - Midland Midland, TX $361.2M
Apr 20, 1988 First City, Texas - Tyler Tyler, TX $261.8M
Apr 20, 1988 First City, Texas - Arlington Arlington, TX $240.8M
Apr 20, 1988 First City, Texas - Bryan Bryan, TX $238.4M
Apr 20, 1988 First City, Texas - Richardson Richardson, TX $234.2M
Apr 20, 1988 First City, Texas - Central Park San Antonio, TX $177.3M
Apr 20, 1988 First City, Texas - Gulfgate Houston, TX $168.1M
Apr 20, 1988 First City, Texas - Farmers Branch Farmers Branch, TX $162.0M
Apr 20, 1988 First City, Texas - Lufkin Lufkin, TX $156.6M
Apr 20, 1988 First City, Texas - Highland Village Houston, TX $147.5M
Apr 20, 1988 First City, Texas - Valley View Dallas, TX $142.6M
Apr 20, 1988 First City, Texas - San Angelo San Angelo, TX $139.4M
Apr 20, 1988 First City, Texas - Graham Graham, TX $134.2M
Apr 20, 1988 First City, Texas - Lewisville Lewisville, TX $131.1M
Apr 20, 1988 First City, Texas - Garland Garland, TX $129.8M
Apr 20, 1988 First City, Texas - Windsor Park San Antonio, TX $126.8M
Apr 20, 1988 First City, Texas - Orange Orange, TX $119.7M
Apr 20, 1988 First City, Texas - Alice Alice, TX $105.9M
Apr 20, 1988 First City, Texas - East Dallas Dallas, TX $105.8M
Apr 20, 1988 Bank of Santa Fe Santa Fe, NM $95.6M
Apr 20, 1988 First City, Texas - Central Arlington Arlington, TX $91.4M
Apr 20, 1988 First City, Texas - Madisonville Madisonville, TX $89.7M
Apr 20, 1988 First City, Texas - Lake Jackson Lake Jackson, TX $85.8M
Apr 20, 1988 First City, Texas - Lancaster Lancaster, TX $81.4M
Apr 20, 1988 First City, Texas - Clear Lake Houston, TX $79.8M
Apr 20, 1988 First City, Texas - Grand Prairie Grand Prairie, TX $79.3M
Apr 20, 1988 First City, Texas - Humble Humble, TX $78.4M
Apr 20, 1988 First City, Texas - Almeda Genoa Houston, TX $77.9M
Apr 20, 1988 First City, Texas - Gateway Beaumont, TX $76.5M
Apr 20, 1988 First City, Texas - Inwood Forest Houston, TX $76.2M
Apr 20, 1988 First City, Texas - Richmond Richmond, TX $74.7M
Apr 20, 1988 First City, Texas - Northeast Houston, TX $71.1M
Apr 20, 1988 First City, Texas - Central Beaumont, TX $69.5M
Apr 20, 1988 First City, Texas - Market Center Dallas, TX $68.0M

Browse adjacent years: 1987 · 1989

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