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
Aug 26, 1989	Magna Bank of New Holland	IL	Magna Bank of Lincoln
Aug 26, 1989	Citizens Bancorporation	WA	Frontier Financial Corporation
Aug 26, 1989	Citizens Bank of Snohomish County	WA	Frontier Bank
Aug 25, 1989	H.E.R.E. Local 274 Federal Credit Union	PA	Philadelphia Federal Credit Union
Aug 25, 1989	Etcor Federal Credit Union	PA	Heights Community Federal Credit Union
Aug 25, 1989	Geesi Federal Credit Union	PA	Lebanon Federal Credit Union
Aug 24, 1989	Vipol Federal Credit Union	NJ	Bay Atlantic Federal Credit Union
Aug 24, 1989	Whitestown Federal Credit Union	NY	G.P.O. Federal Credit Union
Aug 22, 1989	Teeds Grove Savings Bank	IA	Community Bank
Aug 21, 1989	New Haven Merchant's Bank	CT	The Bank of New Haven
Aug 19, 1989	State Bank of Syracuse	IN	(unnamed)
Aug 18, 1989	Nanuet National Bank	NY	The Bank of New York Mellon
Aug 18, 1989	Ultra Bancorporation	NJ	National Westminster Bancorp NJ
Aug 18, 1989	Bank of New England-Essex	MA	Bank of New England-North, National Association
Aug 18, 1989	Colona Avenue State Bank	IL	Metrobank, National Association
Aug 18, 1989	GT/S and S Employees Federal Credit Union	IL	Meadows Credit Union
Aug 15, 1989	Ladysmith Corporation	MN	Pioneer Acquisition Corp.
Aug 15, 1989	First Healthcare Credit Union	IL	Illinois State Police Federal Credit Union
Aug 11, 1989	First Bristol County National Bank	MA	Fleet National Bank of Massachusetts
Aug 10, 1989	Western Union Employees Credit Union	IL	Vicinity Credit Union
Aug 10, 1989	First Federal Savings and Loan Association of Akron	OH	Charter One Bank, National Association
Aug 10, 1989	Western Reserve Savings Bank	OH	Charter One Bank, National Association
Aug 9, 1989	Post-Telegram Employees Federal Credit Union	CT	Bridgeport Hospital Federal Credit Union
Aug 9, 1989	Usl Battery Employees Federal Credit Union	NY	Niagara's Choice Federal Credit Union
Aug 9, 1989	Buena Vista Savings & Industrial Bank	CO	Peoples National Bank
Aug 8, 1989	Progresso Federal Credit Union	NJ	Bay Atlantic Federal Credit Union
Aug 8, 1989	Schuyler Hospital Employees Federal Credit Union	NY	Finger Lakes Health Care Federal Credit Union
Aug 7, 1989	Olde Rheims Federal Credit Union	NY	Servu Federal Credit Union
Aug 7, 1989	Atlantic Coast 66 Credit Union	NC	Truity Federal Credit Union
Aug 5, 1989	Arlington Banc Corporation	IN	P.T.C. Bancorp
Aug 4, 1989	Fedstar Savings Bank, Federal Savings Bank	VA	Household Bank, F.S.B.
Aug 4, 1989	Commerce Bank of Kirksville National Association	MO	First National Bank of Kirksville
Aug 4, 1989	Dutchess Bank and Trust Company	NY	The Bank of New York Mellon
Aug 3, 1989	Bank of Harwood	MO	Tri-County State Bank of Eldorado Springs
Aug 2, 1989	Beverly Building & Loan Association	NJ	Peoples Savings Bank
Aug 2, 1989	Kenmare Community Credit Union	ND	Town & Country Credit Union
Aug 1, 1989	UnibancTrust/Hawthorne	IL	Old Kent Bank
Aug 1, 1989	Illinois Regional Mortgage Corporation	IL	Old Kent-Illinois, Inc.
Aug 1, 1989	Warn-Belleview Employees Federal Credit Union	OR	United Trades Federal Credit Union
Aug 1, 1989	First Nebraska Bank	NE	First Nebraska Bank
Aug 1, 1989	I P I Federal Credit Union	IN	Indiana Members Credit Union
Aug 1, 1989	Robertson Paper Box Employees Credit Union	CT	Connecticut Community Credit Union, Inc.
Aug 1, 1989	Saint Therese New Bedford Federal Credit Union	MA	First Citizens Federal Credit Union
Aug 1, 1989	Bank of Paradise	CA	Wells Fargo Bank, N.A.
Aug 1, 1989	Visitation Credit Union, Inc.	OH	Trupartner Credit Union, Inc.
Aug 1, 1989	Operators Inc Fcu	LA	Cusa Federal Credit Union
Aug 1, 1989	California Hardware Company Employees Federal Credit Union	CA	Credit Union of Southern California, a Federal Credit Union
Aug 1, 1989	Placer County Employees Credit Union	CA	The Golden 1 Credit Union
Aug 1, 1989	Cumberland Corp Empl Cu	TN	Comtrust Federal Credit Union
Aug 1, 1989	Community National Bank	FL	Orange Bank

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

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