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 1, 1989	Farmers State Bank of Benson	IL	Commerce Bank of Woodford County, National Association
Aug 1, 1989	First of America Bank-Grand Traverse, National Association	MI	First of America Bank - Northern Michigan
Aug 1, 1989	Farmers Co-Op Elevator Credit Union	IA	MEMBERS1ST Community Credit Union
Aug 1, 1989	The First National Bank of Barnesville	MN	American Bank Moorhead
Aug 1, 1989	The Liberty State Bank of Tahlequah, Oklahoma	OK	BancFirst
Aug 1, 1989	United Specialties Employees Credit Union	IL	Sherwin Williams Employees Credit Union
Aug 1, 1989	Niagara Federal Credit Union	PA	Erie Times Employees Federal Credit Union
Aug 1, 1989	North Chicago Federal Savings and Loan Association	IL	M & I Bank N.A.
Aug 1, 1989	State Bank of Merna	NE	Nebraska State Bank and Trust Company
Aug 1, 1989	Randolph Co-operative Bank	MA	The Co-operative Bank of Concord
Aug 1, 1989	Wyatt Employees Federal Credit Union	CT	Science Park Federal Credit Union
Aug 1, 1989	Spokane Grange Credit Union	WA	Spokane Teachers Credit Union
Jul 31, 1989	(unnamed)	—	The First National Bank of Southeastern Ohio
Jul 31, 1989	Tribune Credit Union	WA	Sound Credit Union
Jul 31, 1989	Manchester Credit Union	WI	Dane County Credit Union
Jul 29, 1989	Severy State Bank	KS	Home Bank and Trust Company
Jul 28, 1989	San Pedro Bank	TX	Norwest Bank Texas, South, National Association
Jul 24, 1989	B.H.C. Federal Credit Union	PA	Philadelphia Federal Credit Union
Jul 24, 1989	Plainville Federal Credit Union	MA	Arise Federal Credit Union
Jul 24, 1989	The First National Bank of Abbeville	LA	First Commercial Bank, Franklin, Louisiana
Jul 21, 1989	The Lowry City Bank	MO	St. Clair County State Bank
Jul 21, 1989	Cardinal Bancshares, Inc.	KY	Cardinal Bancshares, Inc.
Jul 21, 1989	III County Federal Credit Union	MO	Infuze Federal Credit Union
Jul 21, 1989	United Community Bank Pawnee	IL	United Community Bank
Jul 18, 1989	Lyman Savings and Loan Association	PA	Parkvale Savings Bank
Jul 17, 1989	G B C Employees Credit Union	IL	Meadows Credit Union
Jul 17, 1989	Parkchester Federal Credit Union	NY	Nea Federal Credit Union
Jul 17, 1989	First State Bank	SD	Pioneer Bank & Trust
Jul 15, 1989	Sovran Bank/Marshall County, National Association	TN	NationsBank of Tennessee, National Association
Jul 15, 1989	Key City Bank and Trust Company	IA	Dubuque Bank and Trust Company
Jul 15, 1989	West Side Bank	PA	Hanover Bank
Jul 13, 1989	South Arkansas Federal Credit Union	AR	Carter Federal Credit Union
Jul 12, 1989	Heartland Federal Credit Union	MN	Mid Minnesota Federal Credit Union
Jul 11, 1989	Superior Fireproof Door Employees Federal Credit Union	PA	First Credit Union of Scranton
Jul 11, 1989	T of NH Federal Credit Union	NY	Port Washington Federal Credit Union
Jul 8, 1989	Sharon Savings Bank Federal Savings Bank	MD	Household Bank, F.S.B.
Jul 8, 1989	First State Bank	IL	Warren-Boynton State Bank
Jul 8, 1989	Commerce Bank of Hutchinson N.A.	KS	Emprise Bank, National Association
Jul 7, 1989	State Employee Credit Union	TX	Capitol Credit Union
Jul 5, 1989	Craftsman Credit Union	MA	Webster First Federal Credit Union
Jul 5, 1989	First Security Bancorp	WA	West One Bancorp, Washington
Jul 3, 1989	University Credit Union	VA	Virginia Federal Credit Union
Jul 3, 1989	Glenmore Permanent Building and Loan Association	MD	The Columbia Bank
Jul 3, 1989	Wellsville Community Federal Credit Union	NY	Alco Federal Credit Union
Jul 1, 1989	Cherokee Federal Credit Union	NC	Mountain Credit Union
Jul 1, 1989	Lafayette Indiana School Employees Federal Credit Union	IN	Purdue Federal Credit Union
Jul 1, 1989	Simpson Albany Employees Federal Credit Union	OR	44 North Credit Union
Jul 1, 1989	Coca-Cola Bottling Company Credit Union	NC	Telco Community Credit Union
Jul 1, 1989	First United Bank	MS	OmniBank
Jul 1, 1989	Cgemc Empl Cu	GA	Go Energy Financial Credit Union

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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