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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
Apr 20, 1988 First City, Texas - Westheimer Houston, TX $67.0M
Apr 20, 1988 First City, Texas - Westheimer Plaza Houston, TX $62.6M
Apr 20, 1988 First City, Texas - Fondren South Houston, TX $62.5M
Apr 20, 1988 First City, Texas - Northline Houston, TX $61.5M
Apr 20, 1988 First City, Texas - Plano Plano, TX $59.5M
Apr 20, 1988 First City, Texas - Fort Worth Fort Worth, TX $58.8M
Apr 20, 1988 First City, Texas - North Belt Houston, TX $56.7M
Apr 20, 1988 First City, Texas - Colleyville Colleyville, TX $55.0M
Apr 20, 1988 First City, Texas - Northchase Houston, TX $53.6M
Apr 20, 1988 First City, Texas - Northwest Hills Austin, TX $52.7M
Apr 20, 1988 First City, Texas - Medical Center Houston, TX $52.4M
Apr 20, 1988 First City, Texas - Bellaire Bellaire, TX $51.1M
Apr 20, 1988 First City, Texas - Aransas Pass Aransas Pass, TX $48.9M
Apr 20, 1988 First City, Texas - San Antonio San Antonio, TX $47.7M
Apr 20, 1988 First City, Texas - Bear Creek Harris County, TX $46.0M
Apr 20, 1988 First City, Texas - Sour Lake Sour Lake, TX $45.8M
Apr 20, 1988 First City, Texas - Forest Hill Forest Hill, TX $44.8M
Apr 20, 1988 First City, Texas - Kountze Kountze, TX $34.6M
Apr 20, 1988 First City, Texas - Westwood Houston, TX $25.6M
Apr 15, 1988 Burns State Bank Burns, KS $4.4M
Apr 12, 1988 Valley Federal Savings and Loan Erwin, TN $80.5M
Apr 11, 1988 Tri-Cities Savings and Loan Kennewick, WA $53.1M
Apr 11, 1988 Citizens Savings and Loan East Alton, IL $36.4M
Mar 15, 1988 Morehead National Bank Morehead, KY $7.6M
Mar 11, 1988 First Federal Savings Bank Waterloo, IA $152.3M
Mar 11, 1988 Peoples FS&LA Waterloo, IA $151.3M
Mar 11, 1988 First Federated Savings Bank N. Palm Beach, FL $141.7M
Mar 11, 1988 Perpetual S&LA Waterloo, IA $112.8M
Mar 10, 1988 First FS&LA of Craig Craig, CO $30.1M
Feb 12, 1988 American National Bank Parma, OH $27.8M
Feb 10, 1988 Magnet Bank FSB Charleston, WV $547.1M
Feb 10, 1988 Mountain State FS&LA Clarksburg, WV $91.4M
Feb 10, 1988 Traders FS&LA Parkersburg, WV $68.5M
Jan 28, 1988 Alaska Mutual Bank Anchorage, AK $1.18B
Jan 28, 1988 United Bank Alaska Anchorage, AK $314.3M
Jan 27, 1988 Citizens State Bank Hayfield, MN $28.0M
Jan 13, 1988 The Jefferson Guaranty Bank Metairie, LA $292.4M
Jan 7, 1988 The Peoples State Bank & Trust Co Ellinwood, KS $36.6M

Browse adjacent years: 1987 · 1989

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