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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
Sep 30, 1988 First City Bank - Almeda Genoa TX First City, Texas - Houston, N.A.
Sep 30, 1988 First City Bank-Medical Center, National Association TX First City, Texas - Houston, N.A.
Sep 30, 1988 First City Bank - Market Center, National Association TX First City, Texas - Dallas
Sep 30, 1988 First City Bank of Humble TX First City, Texas - Houston, N.A.
Sep 30, 1988 First City National Bank in Grand Prairie TX First City, Texas - Dallas
Sep 30, 1988 First City Bank - Bear Creek TX First City, Texas - Houston, N.A.
Sep 30, 1988 Amoco Texas Coast Fcu TX Amoco Federal Credit Union
Sep 30, 1988 First City Bank-Westheimer, N.A. TX First City, Texas - Houston, N.A.
Sep 30, 1988 First City Bank - Farmers Branch TX First City, Texas - Dallas
Sep 30, 1988 Charter National Bank - Willowbrook TX Charter National Bank-Colonial
Sep 30, 1988 OMNIBANC North Belt, National Association TX OMNIBANK, National Association
Sep 30, 1988 First of America Bank-Michigan City IN First of America Bank - Northwest Indiana, National Association
Sep 30, 1988 First City Bank - Inwood Forest, National Association TX First City, Texas - Houston, N.A.
Sep 30, 1988 First City Bank - Fondren South TX First City, Texas - Houston, N.A.
Sep 30, 1988 First City Bank-Valley View TX First City, Texas - Dallas
Sep 30, 1988 First City Bank-Northwest Hills, National Association TX First City, Texas - Austin, N.A.
Sep 30, 1988 First City Bank - Northchase, National Association TX First City, Texas - Houston, N.A.
Sep 30, 1988 First City Bank-Westheimer Plaza, National Association TX First City, Texas - Houston, N.A.
Sep 30, 1988 First City Bank-Northeast, N. A. TX First City, Texas - Houston, N.A.
Sep 30, 1988 First City Bank - Bellaire, N.A. TX First City, Texas - Houston, N.A.
Sep 30, 1988 First City Bank - Gulfgate TX First City, Texas - Houston, N.A.
Sep 30, 1988 First City Bank-Westwood, National Association TX First City, Texas - Houston, N.A.
Sep 30, 1988 First City Bank-Gateway, National Association TX First City, Texas - Beaumont, N.A.
Sep 30, 1988 First City Bank-Central TX First City, Texas - Beaumont, N.A.
Sep 30, 1988 First City Bank - North Belt, National Association TX First City, Texas - Houston, N.A.
Sep 30, 1988 First City Bank of Highland Village TX First City, Texas - Houston, N.A.
Sep 30, 1988 First City Bank of Garland, National Association TX First City, Texas - Dallas
Sep 30, 1988 First National Bank TX United Bank of Waco, N.A.
Sep 30, 1988 Southwest Bank TX United Bank of Waco, N.A.
Sep 30, 1988 Safety Federal Savings and Loan Association of Kansas City MO Home Federal Savings of Kansas City
Sep 30, 1988 Comunicorp, Inc. NY Community Financial System, Inc.
Sep 30, 1988 Sabine Bank TX United Bank of Waco, N.A.
Sep 30, 1988 First City Bank of Clear Lake TX First City, Texas - Houston, N.A.
Sep 30, 1988 (unnamed) — First City, Texas - San Antonio, N.A.
Sep 30, 1988 First Bancshares of Huntington, Inc. IN Society Bancorp of Indiana, Inc.
Sep 30, 1988 First City Bank - Windsor Park TX First City, Texas - San Antonio, N.A.
Sep 30, 1988 First City Bank of Richardson TX First City, Texas - Dallas
Sep 30, 1988 First City Bank - East Dallas TX First City, Texas - Dallas
Sep 30, 1988 First City Bank of Lancaster TX First City, Texas - Dallas
Sep 30, 1988 State National Bancorp of Frankfort, Inc. KY Whitaker Bancorp, Inc.
Sep 29, 1988 Alamo Express Federal Credit Union TX E M O T Federal Credit Union
Sep 29, 1988 Dana Detroit Employees Credit Union MI Motor City Co-Op Credit Union
Sep 28, 1988 Gibson Indianapolis Employees Federal Credit Union IN Indiana Members Credit Union
Sep 26, 1988 South Ridge Bank, Inc. NE West Gate Bank
Sep 24, 1988 Florida Legal Cu FL Fairwinds Credit Union
Sep 24, 1988 Peoples Bancshares Corporation OH Norwest Indiana, Inc.
Sep 24, 1988 SouthTrust Bank of Arab AL SouthTrust Bank of Marshall County, National Association
Sep 24, 1988 Arsenal Savings Association, Federal Association IN Union Federal Bank of Indianapolis
Sep 24, 1988 Merchants and Southern Bank of Clay County FL Merchants & Southern Bank
Sep 24, 1988 First Bank of Channahon IL Merchants and Manufacturers 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