Skip to main content

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
Nov 9, 1989 National Industrial Bank of Connecticut Meriden, CT $46.5M Central Bank
Nov 9, 1989 United National Bank of Plano Plano, TX $29.8M Hibernia National Bank in T
Nov 9, 1989 The Lee State Bank Browerville, MN $13.4M First National Bank of Long
Nov 2, 1989 First Louisiana Federal Savings Lafayette, LA $161.8M St. Landry B&T Co.
Nov 2, 1989 Bank of St. Charles St. Rose, LA $65.2M First American Bank and Tru
Oct 26, 1989 Great Plains Savings Weatherford, OK $99.8M Local Federal Bank, FSB
Oct 26, 1989 First Security Bank and Trust Co Haughton, LA $20.6M Tri-State Bank and Trust
Oct 26, 1989 Western National Bank of Louisiana Kaplan, LA $11.8M Kaplan State Bank
Oct 20, 1989 First Consolidated Bank - Pleasant Run Lancaster, TX $19.3M First City, Texas - Bryan
Oct 20, 1989 First Consolidated Bank - Rosebud Rosebud, TX $17.1M First City, Texas - Bryan
Oct 20, 1989 First Consolidated Bank - Buda Buda, TX $15.0M Austin National Bank
Oct 20, 1989 First Consolidated Bank - Ferris Ferris, TX $12.0M First City, Texas-Bryan, N.A.
Oct 20, 1989 First Consolidated Bank - Hillsboro Hillsboro, TX $11.3M First State Bank, Hubbard
Oct 19, 1989 Mid Kansas S & La Assoc. Wichita, KS $761.9M Branch sale
Oct 19, 1989 Valley Federal Savings McAllen, TX $517.1M International Bank of Comme
Oct 19, 1989 Surety Federal Savings Assoc. El Paso, TX $291.0M Deposit payout
Oct 19, 1989 Peoples Homestead Savings Bank Monroe, LA $268.9M Branch sale
Oct 19, 1989 Seasons Federal Savings Bank Richmond, VA $260.8M Crestar Bank
Oct 19, 1989 Century Bank Phoenix, AZ $120.4M Century Bank
Oct 19, 1989 Beaumont BANK-N.A. Beaumont, TX $29.2M Texas Commerce Bank-Beaumon
Oct 19, 1989 Park Avenue Bank, National Assoc Oklahoma City, OK $17.9M Founders Bank & Trust Compa
Oct 16, 1989 Banc Iowa Federal Savings Bank Cedar Rapids, IA $161.9M Branch sale
Oct 13, 1989 Columbia Federal Homestead Metairie, LA $96.1M Branch sale
Oct 12, 1989 Citizens Bank Galveston, TX $31.3M Bank of Galveston, National
Oct 12, 1989 North Bank, N.A. Oklahoma City, OK $12.4M The Liberty National Bank a
Oct 6, 1989 First Bank Colorado Springs, CO $36.0M Colorado National Bank - Ex
Oct 5, 1989 American Home S & L Edmond, OK $96.7M Founders B&TC
Oct 5, 1989 Commonwealth Bank Arlington, TX $74.9M Comerica Bank - Texas
Oct 5, 1989 Family Savings Bank, FSB Sapulpa, OK $50.9M American NB&T
Oct 5, 1989 The Olla State Bank Olla, LA $23.6M Jonesville Bank & Trust Com
Oct 5, 1989 Strawn Security Bank Strawn, TX $14.4M The First National Bank of
Oct 5, 1989 First National Bank of Vail Vail, CO $3.6M Bank Northwest
Sep 28, 1989 National Bank of Arizona Scottsdale, AZ $15.8M Security Pacific Bank, Nati
Sep 28, 1989 Colorado Savings Bank Sterling, CO $12.3M Colorado FSB
Sep 23, 1989 The Farmers State Bank Lyman, NE $5.7M First National Bank in Morr
Sep 21, 1989 East Texas S & La Association Tyler, TX $362.4M NCNB Texas National Bank
Sep 21, 1989 Plano S & L Assoc. Plano, TX $274.4M First Gibraltar Bank, FSB
Sep 21, 1989 First Fed. S & La of Brenham Brenham, TX $148.4M Kilgore FS&LA
Sep 21, 1989 First Garland Fed. S & L Garland, TX $132.4M Kilgore FS&LA
Sep 21, 1989 Rose Capital Bank Tyler, TX $62.7M First City, Texas-Tyler, N.A.
Sep 14, 1989 First Savings of Laredo Laredo, TX $171.2M Deposit payout
Sep 14, 1989 Medcentre BANK,N.A. San Antonio, TX $27.8M First City, Texas-San Anton
Sep 14, 1989 First Bankers Trust of Bossier City Bossier City, LA $27.1M First American Bank & Trust
Sep 14, 1989 Kirby State Bank Kirby, TX $16.8M Schertz Bank & Trust
Sep 14, 1989 Prairie State Bank Grand Prairie, TX $16.4M Bedford National Bank
Sep 7, 1989 Citizens S & La of Springfield Springfield, IL $89.3M Magna Bank of Springfield
Sep 7, 1989 The Lasalle State Bank Jena, LA $38.8M Jonesville Bank & Trust Com
Sep 7, 1989 Thousand Oaks National Bank San Antonio, TX $30.2M Hibernia National Bank in T
Sep 1, 1989 Liberty Bank Glendale, AZ $32.4M Community Bank of Arizona
Aug 31, 1989 The Burr Oak State Bank Burr Oak, KS $4.4M First National Bank in Mank

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
Nov 7, 1989 OCC_OTS The Garnett Savings and Loan Association Cease and Desist: The Garnett Savings and Loan Association
Nov 6, 1989 OCC_OTS Pioneer Federal Savings & Loan Association Supervisory Agreement: The Pioneer Savings and Loan Association
Nov 1, 1989 OCC The Patoka National Bank Civil Money Penalty (CMP): Wood, Mike T.
Oct 31, 1989 OCC_OTS (individual) Supervisory Agreement: Sun Savings Bank
Oct 30, 1989 FRB First Security Bank of Missoula Prohibition from Banking: Bruce F. Dailey
Oct 25, 1989 OCC_OTS First Federal Savings Association of Wewoka Supervisory Agreement: First Federal Savings and Loan Association of Wewoka
Oct 24, 1989 OCC The First National Bank of Sanger Civil Money Penalty (CMP): Burkholder, Jack
Oct 24, 1989 OCC The First National Bank of Sanger Civil Money Penalty (CMP): Thomas, Harvey
Oct 24, 1989 OCC The First National Bank of Sanger Civil Money Penalty (CMP): Porter, John W.
Oct 24, 1989 OCC The First National Bank of Sanger Civil Money Penalty (CMP): Porter, John R.
Oct 24, 1989 OCC The First National Bank of Sanger Civil Money Penalty (CMP): Muir, Richard
Oct 24, 1989 OCC The First National Bank of Sanger Civil Money Penalty (CMP): Lloyd, Sandra G.
Oct 24, 1989 OCC The First National Bank of Sanger Civil Money Penalty (CMP): Higgs, Joe
Oct 24, 1989 OCC The First National Bank of Sanger Civil Money Penalty (CMP): Cochran, Robert
Oct 23, 1989 OCC_OTS (individual) Cease and Desist: Evergreen Federal Savings Bank
Oct 23, 1989 OCC_OTS West Town Bancorp, Inc. Orders of Removal/Prohibition: Richard Kukielski
Oct 19, 1989 OCC_OTS Carrollton Federal Savings and Loan Association Supervisory Agreement: Carrollton Federal Savings and Loan Association
Oct 13, 1989 OCC Village Green National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Village Green National Bank
Oct 13, 1989 OCC_OTS Padre Federal Savings & Loan Association Orders of Removal/Prohibition: Rudy T. Garza
Oct 13, 1989 OCC_OTS Peoples Heritage Savings, A Federal Savings and Loan Association Orders of Removal/Prohibition: James R. Cruce
Oct 13, 1989 OCC Memorial Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Memorial Bank, National Association
Oct 6, 1989 OCC_OTS General Federal Savings Bank Cease and Desist: General Bank, A Federal Savings Bank
Oct 6, 1989 OCC Citizens National Bank of Walnut Ridge Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Citizens National Bank Of Walnut Ridge
Oct 2, 1989 FRB American Banshares, Inc. Civil Money Penalty $250,000: William Deam
Sep 29, 1989 OCC_OTS Enterprise Federal Savings and Loan Association Orders of Removal/Prohibition: Phillip Gattuso
Sep 29, 1989 OCC_OTS Sutter Buttes Savings Bank, FSB Cease and Desist: Sutter Buttes Savings and Loan Association
Sep 29, 1989 OCC_OTS First America Federal Savings Bank Cease and Desist: First America Savings Bank, Federal Savings Bank
Sep 29, 1989 OCC_OTS Vision Banc Savings Orders of Removal/Prohibition: B. J. Garman
Sep 27, 1989 OCC The First National Bank of Carthage Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank Of Carthage
Sep 25, 1989 FRB National Mortgage Bank of Greece S.A. Civil Money Penalty $2,000,000: National Mortgage Bank of Greece, Astoria, NY
Sep 25, 1989 FRB National Bank of Greece S.A. Cease and Desist Order: National Bank of Greece, S.A., Athens, Greece
Sep 25, 1989 FRB National Mortgage Bank of Greece S.A. Cease and Desist Order: National Mortgage Bank of Greece, Astoria, NY
Sep 25, 1989 OCC Wilshire Center Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wilshire Center Bank, National Association
Sep 25, 1989 OCC Central National Bank of Mattoon Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Central National Bank of Mattoon
Sep 25, 1989 FRB National Bank of Greece S.A. Civil Money Penalty $125,000: National Bank of Greece, S.A., Athens, Greece
Sep 20, 1989 OCC Bedford National Bank Civil Money Penalty (CMP): Bedford National Bank
Sep 20, 1989 OCC Texas Commerce Finance, N.A. Civil Money Penalty (CMP): Texas Commerce Bank - Conroe, N.A.
Sep 20, 1989 OCC (individual) Civil Money Penalty (CMP): Citicorp Trust, N.A.
Sep 18, 1989 OCC Rocky Mountain National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Rocky Mountain Nationla Bank
Sep 15, 1989 OCC American National Bank Elk City Civil Money Penalty (CMP): Lowrey, Austin
Sep 13, 1989 OCC Titan Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank
Sep 11, 1989 OCC_OTS (individual) Orders of Removal/Prohibition: Bruce H. Milligan
Sep 11, 1989 OCC_OTS Enterprise Federal Savings and Loan Association Orders of Removal/Prohibition: Ronald C. Brechtel
Sep 11, 1989 OCC Security Bank of Denver, N.A. Civil Money Penalty (CMP): Moll, David L.
Sep 8, 1989 OCC The First National Bank of Kiester Civil Money Penalty (CMP): Christian, Edward T.
Sep 8, 1989 OCC The First National Bank of Kiester Civil Money Penalty (CMP): Van Hove, Donald
Sep 8, 1989 OCC The First National Bank of Kiester Civil Money Penalty (CMP): Nickel, Donald
Sep 8, 1989 OCC The First National Bank of Kiester Civil Money Penalty (CMP): Eilertson, Edward
Sep 8, 1989 OCC The First National Bank of Kiester Civil Money Penalty (CMP): Bird, Kenneth R.
Sep 8, 1989 OCC Gateway National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Gateway National Bank

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

Browse adjacent years: 1988 · 1990

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