Calendar Year

1989 in US Banking

1,629 bank events are on record for 1989: 530 failures, 971 mergers or acquisitions involving a bank, credit union or bank holding company, and 124 enforcement actions.

530

Failures

$163.86B in failed assets

971

Mergers

Federal Reserve NIC, banking organizations

124

Enforcement

OCC, FDIC, FRB, OTS and SEC 8-K filings

4

Assistance

FDIC open-bank assistance

Jump to: Bank failures 1989 · Bank mergers 1989

How many banks failed in 1989?

530 banks failed in 1989, with $163.86B in assets. Each failure below links to its own page.

Date	Bank	HQ	Assets	Acquirer or resolution
Dec 21, 1989	Columbia FSA	Nassau Bay, TX	$77.1M	Deposit payout
Dec 21, 1989	Silver Savings Assoc.	Silver City, NM	$32.2M	First New Mexico Bank
Dec 20, 1989	First City National Bank and Trust	New York, NY	$39.5M	—
Dec 20, 1989	United Community Bank	Westlake Village, CA	$32.3M	Olympic National Bank
Dec 15, 1989	First American Bank and Trust	North Palm Beach, FL	$1.38B	First American Bank and Tru
Dec 14, 1989	Yorkridge-Calvert Federal Savings	Baltimore, MD	$585.8M	Household Bank, FSB
Dec 14, 1989	Louisiana Savings Assn.	Lake Charles, LA	$449.3M	Branch sale
Dec 14, 1989	First Acadiana Bank	Eunice, LA	$46.8M	American Security Bank of V
Dec 14, 1989	Canyon Lake Bank	Canyon Lake, TX	$31.0M	Victoria Bank & Trust Compa
Dec 14, 1989	North Side State Bank	Tulsa, OK	$20.4M	Bank of Tulsa
Dec 14, 1989	Red River S & L Assoc.	Coushatta, LA	$10.4M	Peoples State Bank
Dec 13, 1989	City National Bank of Sayre	Sayre, OK	$21.0M	First State Bank and Trust
Dec 13, 1989	Midlothian National Bank	Midlothian, TX	$9.9M	The First National Bank in
Dec 8, 1989	City Savings, FSB	Somerset, NJ	$9.81B	Branch sale
Dec 8, 1989	Atlantic Permanent Federal	Norfolk, VA	$581.0M	Branch sale
Dec 8, 1989	First Bank, Pineville, Louisiana	Pineville, LA	$72.3M	Rapides Bank & Trust Compan
Dec 8, 1989	Orange State Bank	Miami, FL	$8.0M	Helm Bank
Dec 7, 1989	Arlington Heights Savings Assoc.	Arlington Heights, IL	$509.1M	Citibank FSB
Dec 7, 1989	Community Federal Savings Assoc.	Bridgeport, CT	$58.3M	Union Trust Co.
Dec 7, 1989	Westheimer Memorial Bank, N.A.	Houston, TX	$38.9M	Hibernia National Bank in T
Dec 7, 1989	First Commerce National Bank	Phoenix, AZ	$20.3M	Citicorp(arizona)
Dec 7, 1989	Atlantic National Bank	Norfolk, VA	$14.4M	New Atlantic Bank, National
Dec 7, 1989	The Garnett S & L Assoc.	Garnett, KS	$13.6M	Farmers State Bank
Dec 7, 1989	Aledo State Bank	Aledo, TX	$9.9M	Citizens National Bank of W
Dec 7, 1989	First National Bank of Frisco	Frisco, TX	$9.0M	Hibernia National Bank in T
Dec 1, 1989	First Security Bank of Glendive	Glendive, MT	$32.4M	The First National Bank of
Dec 1, 1989	Central Dakota Bank	Lehr, ND	$13.9M	Security State Bank, Wishek
Nov 30, 1989	Security Federal Savings, FSB	Columbia, SC	$759.2M	South Carolina NB
Nov 30, 1989	Brookside Federal S & L	Los Angeles, CA	$601.4M	Deposit payout
Nov 30, 1989	Southwestern Federal Savings	El Paso, TX	$126.4M	Deposit payout
Nov 30, 1989	Austin FS & La	Austin, TX	$113.4M	Deposit payout
Nov 30, 1989	Fortune Financial Fed. S & L Assoc	Copperas Cove, TX	$84.2M	Deposit payout
Nov 30, 1989	Greater Texas Bank Southwest, N.A.	Travis County, TX	$32.6M	NCNB Texas National Bank
Nov 30, 1989	Salamanca Fed. Savings Assoc.	Salamanca, NY	$29.7M	Cattaraugus City Bank
Nov 30, 1989	Greater Texas Bank North, N.A.	Austin, TX	$22.7M	Hibernia National Bank in T
Nov 30, 1989	First Federal Savings Bank	Diamondville, WY	$13.4M	Deposit payout
Nov 17, 1989	Security National Bank of Shreveport	Shreveport, LA	$19.4M	—
Nov 16, 1989	Sooner Federal Savings Assoc.	Tulsa, OK	$1.53B	First Gibraltar Bank, FSB
Nov 16, 1989	General Federal Savings Bank	Coral Gables, FL	$355.5M	Republic NB of Miami
Nov 16, 1989	First Federal S & L /Central Indiana	Anderson, IN	$192.4M	Shelby FSB
Nov 16, 1989	Texas Western Federal Savings	Houston, TX	$116.1M	Deposit payout
Nov 16, 1989	Security Fed. Savings Association	Garden Grove, CA	$71.0M	Itt FB, FSB
Nov 16, 1989	Love Field National Bank	Dallas, TX	$28.3M	Hibernia National Bank in T
Nov 16, 1989	Executive National Bank	San Antonio, TX	$7.3M	Hibernia National Bank in T
Nov 9, 1989	Colonial Federal Savings Assoc.	Roselle Park, NJ	$427.1M	Branch sale
Nov 9, 1989	Fidelity Federal Savings Assoc.	Galesburg, IL	$393.8M	First Bank, a SB
Nov 9, 1989	Crest Federal S & L	Kankakee, IL	$137.1M	Branch sale
Nov 9, 1989	Aspen Savings Bank FSB	Aspen, CO	$136.3M	Bank of Aspen
Nov 9, 1989	Saratoga S & L Association	San Jose, CA	$84.5M	Pacific Western Bank
Nov 9, 1989	City National Bank of Plano	Plano, TX	$56.5M	Compass Bank - Plano

Which banks merged in 1989?

971 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1989.

See the fuller list: Bank mergers 1989 with largest deals and credit union mergers ›

Date	Acquired	St	Acquirer
Dec 31, 1989	Landmark SVG BK SSB	LA	Oak Tree Federal Savings Bank
Dec 31, 1989	SCN Leasing Corporation	SC	Wachovia Bank of South Carolina, National Association
Dec 31, 1989	First Bank of America, Inc.	IN	First National Bankshares, Inc
Dec 31, 1989	Jayhawk Wildcatters	KS	Berco, Inc.
Dec 31, 1989	Central Bancorporation, Inc.	MN	Minnesota Bancshares, Inc.
Dec 31, 1989	First Continental Leasing Corporation	MS	Cadence Bank
Dec 31, 1989	UBS Holding Company, Inc.	WV	United Bankshares, Inc.
Dec 31, 1989	SCN Mortgage Corporation	SC	Wachovia Bank of South Carolina, National Association
Dec 31, 1989	Potwin Financial Corporation	KS	Emprise Financial Corporation
Dec 31, 1989	K & B Producers, Inc.	KS	Emprise Financial Corporation
Dec 31, 1989	Council Grove Banc Shares, Inc.	KS	Emprise Financial Corporation
Dec 31, 1989	Peoples State Bank	IA	Peoples National Bank
Dec 31, 1989	Columbus Savings, a Federal Savings and Loan Association	CA	Homefed Bank, Federal Association
Dec 31, 1989	The Security State Bank of Commerce	TX	Provident Bank - Dallas
Dec 31, 1989	C F C O Federal Credit Union	CO	Consolidated Federal Credit Union
Dec 31, 1989	De Soto State Bank	TX	Provident Bank - Dallas
Dec 31, 1989	Provident Bank-Denton	TX	Provident Bank - Dallas
Dec 31, 1989	First State Bank	TX	Provident Bank - Dallas
Dec 31, 1989	Heritage Federal Savings and Loan Association	IL	Chester National Bank
Dec 31, 1989	Treasure Valley Teachers State Credit Union	ID	Capital Educators Federal Credit Union
Dec 31, 1989	Blue Earth State Bank	MN	Midamerica Bank South
Dec 31, 1989	Chester Self Reliance Federal Credit Union	PA	Sun East Federal Credit Union
Dec 31, 1989	Carpenters 104 Federal Credit Union	OH	Heartland Federal Credit Union
Dec 30, 1989	Dukedom Bank	TN	Reelfoot Bank
Dec 30, 1989	Key Advisory Services, Inc.	NY	Key Bancshares of New York Inc.
Dec 30, 1989	City Bancshares, Inc.	MO	UMB Financial Corporation
Dec 30, 1989	Old Kent Bank-Northwest	IL	Old Kent Bank, National Association
Dec 30, 1989	Summit Bank of Hamilton County	IN	Summit Bank of Indianapolis
Dec 30, 1989	Southeast Bank for Savings, A FSB	FL	Southeast Bank, N.A.
Dec 30, 1989	Southeast Bank of Gainesville	FL	Southeast Bank, N.A.
Dec 30, 1989	Barbers Local 651 Federal Credit Union	LA	Wesla Federal Credit Union
Dec 30, 1989	Hanover Bank of Florida	FL	North Ridge Bank
Dec 29, 1989	Mid-Cities National Bank	CA	Huntington National Bank
Dec 29, 1989	NS Realty Investments of Florida, Inc.	NC	Barclays Bank of North Carolina
Dec 29, 1989	Barclays Bank of North Carolina-Colorado, Inc.	NC	Barclays Bank of North Carolina
Dec 29, 1989	First Banc Securities Inc	WV	Huntington Bancshares West Virginia, Inc.
Dec 29, 1989	Plano National Bank	TX	Promenade National Bank
Dec 22, 1989	Southwest Financial Corporation	KS	Fourth Financial Corporation
Dec 20, 1989	MBC Mortgage Company	CA	Modesto Banking Company
Dec 18, 1989	Blackstone Valley Credit Union	MA	Webster First Federal Credit Union
Dec 17, 1989	Ameritrust Bank, Morgan County	IN	Ameritrust National Bank, Central Indiana
Dec 16, 1989	The First National Bank of Villa Grove	IL	Villa Grove State Bank
Dec 16, 1989	Jefferson National Bank	FL	Jefferson Bank of Florida
Dec 16, 1989	Northshore Credit Union	MA	Central One Federal Credit Union
Dec 16, 1989	Irving Trust Company California	CA	The Bank of New York Mellon Trust Company, N.A.
Dec 16, 1989	Western Greenbrier National Bank	WV	Greenbrier Valley National Bank
Dec 15, 1989	The First National Bank of Schulenburg	TX	Victoria Bank & Trust Company - Central
Dec 15, 1989	Rli Credit Union	TX	Neighborhood Credit Union
Dec 15, 1989	The First National Bank of Nordheim	TX	Victoria Bank & Trust Company - Central
Dec 15, 1989	Bank of Karnes County	TX	Victoria Bank & Trust Company - Central

The list holds 500 of the 971 mergers recorded for 1989.

Enforcement Actions in 1989

Action date	Agency	Institution	Action
Dec 29, 1989	OCC	Hamilton Bank, N.A.	Civil Money Penalty (CMP): Gonzalez, Joaquin
Dec 28, 1989	OCC_OTS	(individual)	Supervisory Agreement: First Federal Savings and Loan Association of Cape Cod
Dec 27, 1989	OCC	First National Bank of Callaway County	Civil Money Penalty (CMP): Cooke, J.F.
Dec 27, 1989	OCC	Bank Star One	Civil Money Penalty (CMP): Landrum, Roy
Dec 20, 1989	OCC_OTS	Banc Iowa Federal Savings Bank	Supervisory Agreement: Banc Iowa Savings Bank
Dec 20, 1989	OCC	Sam Houston National Bank of Walker County	Civil Money Penalty (CMP): Waller, Morris I.
Dec 20, 1989	OCC	Sam Houston National Bank of Walker County	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Waller, Morris I.
Dec 20, 1989	OCC_OTS	First Federal Savings Bank and Trust	Cease and Desist: First Savings Bank and Trust, F.S.B.,
Dec 19, 1989	OCC	First Bank N.A.	Civil Money Penalty (CMP): Bustamante, John H.
Dec 19, 1989	OCC	First Bank N.A.	Civil Money Penalty (CMP): Trotter, Lee A.
Dec 19, 1989	OCC_OTS	(individual)	Orders of Removal/Prohibition: Robert L. Hodges
Dec 15, 1989	OCC_OTS	(individual)	Supervisory Agreement: Midwest Federal Savings Bank
Dec 12, 1989	OCC	First National Bank of Dayton	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Dayton
Dec 11, 1989	OCC	Gateway National Bank	Formal Agreement: Gateway National Bank
Dec 6, 1989	OCC_OTS	Great West, a Federal Savings Bank	Cease and Desist: Tom R. Waymire
Dec 6, 1989	OCC_OTS	City Savings and Loan Association	Orders of Removal/Prohibition: Wayman Thurman
Dec 6, 1989	OCC_OTS	(individual)	Orders of Removal/Prohibition: Stephanie Shea
Dec 6, 1989	OCC_OTS	Executive Banc Savings Association, F.A.	Orders of Removal/Prohibition: Lonnie E. Chunn
Dec 6, 1989	OCC_OTS	Otero Savings and Loan Association	Orders of Removal/Prohibition: James A. Gallagher
Dec 6, 1989	OCC_OTS	State Federal Savings Association	Cease and Desist: State Federal Savings and Loan Association
Dec 6, 1989	OCC_OTS	First Federal Savings Bank	Cease and Desist: First Savings Bank, FSB
Dec 5, 1989	OCC_OTS	Saratoga Federal Savings and Loan Association	Orders of Removal/Prohibition: Donna A. Rodrigues
Dec 5, 1989	OCC_OTS	Saratoga Federal Savings and Loan Association	Orders of Removal/Prohibition: Jess A. Rodrigues
Dec 1, 1989	OCC	Otoe County National Bank and Trust Company	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Otoe County National Bank & …
Dec 1, 1989	OCC	The First National Bank of Bowman	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank Of Bowman
Dec 1, 1989	OCC	Otoe County National Bank and Trust Company	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Becker, John H.
Dec 1, 1989	OCC	The First National Bank of Bayard	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Becker, John H.
Dec 1, 1989	OCC	The Park Avenue Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Park Avenue Bank, National Association, The
Nov 27, 1989	OCC	The First National Bank of Tipton	Civil Money Penalty (CMP): Rackley, Jack
Nov 27, 1989	OCC	The First National Bank of Hammon	Civil Money Penalty (CMP): Rackley, Jack
Nov 27, 1989	OCC	The First National Bank in Hysham	Civil Money Penalty (CMP): Manning, Jere
Nov 27, 1989	OCC	The First National Bank in Hysham	Civil Money Penalty (CMP): Lawrence, John
Nov 27, 1989	OCC	The First National Bank of Tipton	Civil Money Penalty (CMP): Hudson, John
Nov 27, 1989	OCC	The First National Bank in Hysham	Civil Money Penalty (CMP): Heberle, Elmer
Nov 27, 1989	OCC	The First National Bank in Hysham	Civil Money Penalty (CMP): Hansen, H.R.
Nov 27, 1989	OCC	The First National Bank in Hysham	Civil Money Penalty (CMP): Cunningham, W.D.
Nov 27, 1989	OCC	The First National Bank of Hammon	Civil Money Penalty (CMP): Baresel, Larry
Nov 27, 1989	OCC	The First National Bank of Tipton	Prohibition/Removal Orders: Rackley, Jack
Nov 27, 1989	OCC	The First National Bank of Hammon	Prohibition/Removal Orders: Rackley, Jack
Nov 27, 1989	OCC	The First National Bank of Hammon	Prohibition/Removal Orders: Hudson, John
Nov 27, 1989	OCC	Scottsbluff National Corporation	Prohibition/Removal Orders: Hansen, Lavon Ilene
Nov 27, 1989	OCC	The First National Bank of Tipton	Prohibition/Removal Orders: Baresel, Larry
Nov 21, 1989	OCC_OTS	First State Savings Association	Supervisory Agreement: First State Savings Association
Nov 20, 1989	OCC_OTS	Home Owners Savings Bank FSB	Civil Money Penalty: Milo L. Pike
Nov 20, 1989	OCC_OTS	First Federal Savings & Loan Association of Valdosta	Cease and Desist: Toppy R. Gurley
Nov 15, 1989	OCC_OTS	Peoples Federal Savings and Loan Association of Ardmore	Supervisory Agreement: Peoples Federal Savings and Loan Association
Nov 13, 1989	OCC	Security Bank of Denver, N.A.	Civil Money Penalty (CMP): Moll, Marvin W.
Nov 9, 1989	OCC	The Patoka National Bank	Civil Money Penalty (CMP): Ensor, John A.
Nov 7, 1989	OCC_OTS	Signal Savings and Loan Association	Orders of Removal/Prohibition: Ronald L. Stiles
Nov 7, 1989	OCC_OTS	Enterprise Federal Savings and Loan Association	Orders of Removal/Prohibition: Blaine G. McMahon

FDIC Open-Bank Assistance in 1989

Date	Institution	HQ	Assets
Apr 13, 1989	Tropical FS&LA	Miami, FL	$55.0M
Mar 30, 1989	Cartersville FSB of Georgia	Cartersville, GA	$56.7M
Feb 3, 1989	Cook County FS&LA	Chicago, IL	$164.0M
Jan 31, 1989	Metropolitan National Bank	San Antonio, TX	$4.4M

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