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
Aug 24, 1989 Denton Federal Savings Denton, TX $142.7M Kilgore FS&LA
Aug 24, 1989 Heritage Savings Assoc. Jerseyville, IL $32.9M Carrollton B&TC
Aug 24, 1989 The Dakota Bank Grand Forks, ND $31.2M First National Bank South
Aug 24, 1989 First State Bank Pflugerville, TX $30.7M Hibernia National Bank in T
Aug 24, 1989 Farmers State Bank of Yuma Yuma, CO $26.6M The First Security Bank
Aug 24, 1989 Troup Bank & Trust Company Troup, TX $24.1M First National Bank of Jack
Aug 24, 1989 Summit Bank San Antonio, TX $19.2M The Frost National Bank of
Aug 24, 1989 Park Central Bank, National Assoc Fort Worth, TX $11.9M Colonial National Bank
Aug 17, 1989 Security Fed. S & L Assoc. Peoria, IL $318.3M First Financial Bank, FSB
Aug 17, 1989 Taylorbanc Federal S & L Taylor, TX $139.5M Kilgore FS&LA
Aug 17, 1989 Black Hawk S & L Assoc. Rock Island, IL $71.8M American Bank of Rock Islan
Aug 17, 1989 First State Bank Liberty, TX $62.2M First City, Texas-Beaumont
Aug 17, 1989 Southside Fed. S & L Assoc. Austin, TX $49.6M Deposit payout
Aug 17, 1989 Citizens National Bank of Killeen Killeen, TX $35.5M First National Bank of Temp
Aug 17, 1989 Hearne Building & Loan Assoc. Hearne, TX $27.1M Deposit payout
Aug 17, 1989 Guadalupe S & L Assoc. Kerrville, TX $25.8M Deposit payout
Aug 17, 1989 First State Bank of McKinney McKinney, TX $18.1M First Bank
Aug 10, 1989 Peoples Heritage FS & La Salina, KS $1.81B Branch sale
Aug 10, 1989 Metropolitan Financial FS & La Dallas, TX $799.5M United Sa of the SW, FSB
Aug 10, 1989 Unifirst Bank for Savings Jackson, MS $738.3M Branch sale
Aug 7, 1989 Security Homestead Federal New Orleans, LA $547.6M Branch sale
Aug 7, 1989 South S & L Assoc. Slidell, LA $267.4M Branch sale
Aug 7, 1989 Delta Savings & Loan Association Kenner, LA $148.5M First State B&TC
Aug 7, 1989 Citizens Homestead FSA New Orleans, LA $108.6M Deposit payout
Aug 7, 1989 American Savings & Loan New Orleans, LA $61.1M Gulf Coast B&TC
Aug 7, 1989 Central Savings & Loan New Orleans, LA $53.3M Gulf Coast B&TC
Aug 7, 1989 Home S & L Assoc. New Orleans, LA $36.5M Deposit payout
Aug 7, 1989 Terrebonne S & L Assoc. Houma, LA $26.6M St. Mary B&TC
Aug 7, 1989 First City Federal S & L Baton Rouge, LA $22.2M Equitable Trust S&LA
Aug 4, 1989 Park Forty-Five National Bank Spring, TX $22.0M Klein Bank
Aug 3, 1989 First Bank and Trust Company Yale, OK $28.5M Mannford State Bank
Aug 3, 1989 University National Bank San Antonio, TX $19.8M The Frost National Bank of
Aug 3, 1989 Barnard State Bank Barnard, KS $5.0M Saline Valley Bank
Aug 1, 1989 Caprock Federal Savings & Loan Lubbock, TX $436.1M Deposit payout
Jul 28, 1989 Empire State Bank New York, NY $30.2M —
Jul 27, 1989 Capitol City Federal Savings Austin, TX $528.2M Banc One TX, N.A.
Jul 27, 1989 New Guaranty Fed. S & L Assoc. Taylor, MI $212.5M National Bank of Detroit
Jul 27, 1989 Hallmark S & L Association Plano, TX $166.1M Deposit payout
Jul 27, 1989 North American FSA San Antonio, TX $99.8M Deposit payout
Jul 27, 1989 Capitol Federal S & L Little Rock, AR $89.9M Branch sale
Jul 27, 1989 New Braunfels S & La Assoc. New Braunfels, TX $85.6M Victoria B&TC-West
Jul 27, 1989 Commercial S & La Assoc. Hammond, LA $74.2M Deposit payout
Jul 27, 1989 Forestwood National Bank of Dallas Dallas, TX $62.0M Comerica Bank-Texas
Jul 27, 1989 FSA of the Southwest Kilgore, TX $45.8M Kilgore FS&LA
Jul 27, 1989 The Texas Bank & Trust Company Sweetwater, TX $33.7M First National Bank, Sweetw
Jul 27, 1989 Lafayette S & L Assoc. Gretna, LA $29.1M Algiers Homestead Associati
Jul 27, 1989 Brushy Creek National Bank Round Rock, TX $9.8M Union National Bank, Austin
Jul 26, 1989 Hildalgo County Bank Mercedes, TX $18.9M The First National Bank of
Jul 21, 1989 Fidelity Bank Scottsdale, AZ $11.2M The Bank of Fountain Hills
Jul 20, 1989 Texas American Bank/Fort Worth, Fort Worth, TX $1.97B Texas American Bridge Bank

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
Jul 1, 1989 Alpena Catholic Credit Union MI Thunder Bay Area Credit Union
Jul 1, 1989 Eltra Die Cast Federal Credit Union IL McHenry County Federal Credit Union
Jul 1, 1989 Galaxy Carpet Mills Fcu GA Comtrust Federal Credit Union
Jul 1, 1989 The Amsterdam State Bank OH Unibank
Jul 1, 1989 Termaco Credit Union NC Carolina Cooperative Federal Credit Union
Jul 1, 1989 West Grand River Community Credit Union MI Route 31 Federal Credit Union
Jul 1, 1989 Ymca Federal Credit Union RI Coastway Community Bank
Jul 1, 1989 Shannon Credit Union TX Qualtrust Credit Union
Jul 1, 1989 Kanawha Union Bank WV United National Bank - Central
Jul 1, 1989 Lincolnway State Bank IL First Bank South
Jul 1, 1989 Hoechst Celanese Employees Federal Credit Union VA Sharonview Federal Credit Union
Jul 1, 1989 DH Holmes Federal Credit Union LA Onpath Federal Credit Union
Jul 1, 1989 Wabash Sylvania Employees Federal Credit Union PA Palco Federal Credit Union
Jul 1, 1989 Bank One, Clintonville, National Association WI First State Bank
Jul 1, 1989 Midlantic National Bank/South NJ (unnamed)
Jul 1, 1989 Ed Med Credit Union NC Summit Credit Union
Jul 1, 1989 Fort Carson National Bank CO Armed Forces Bank, N.A.
Jul 1, 1989 Temporaries Federal Credit Union DC Infirst Federal Credit Union
Jul 1, 1989 The Peoples State Bank of Caro, Michigan MI Chemical Bank Bay Area
Jul 1, 1989 The Cass City State Bank MI Chemical Bank Bay Area
Jul 1, 1989 Sears Atlanta Empl Fcu GA LGE Community Credit Union
Jul 1, 1989 Elk National Bank WV United Bank
Jul 1, 1989 Billings Conoco Credit Union MT Valley Financial Credit Union
Jul 1, 1989 Southpark National Bank of The Quad Cities IL First of America Bank-Quad Cities, National Association
Jul 1, 1989 Ohio Valley National Bank of Vienna WV United Bank
Jul 1, 1989 The First National Bank of Jessup PA First Liberty Bank & Trust
Jul 1, 1989 First South Bank GA Century South Bank of Central Georgia, National Association
Jul 1, 1989 First of America Bank-Mid-Michigan MI First of America Bank - Mid Michigan, National Association
Jul 1, 1989 Midlantic National Bank/Merchants NJ (unnamed)
Jul 1, 1989 Eggers Employees Credit Union WI Riverwood-Maritime Credit Union
Jul 1, 1989 Huron County Bank MI Chemical Bank Bay Area
Jul 1, 1989 Webster County National Bank WV United National Bank - Central
Jul 1, 1989 St. Peter and Paul Parish Credit Union MO 1st City Credit Union
Jul 1, 1989 Eis Employees Credit Union CT Dutch Point Credit Union
Jul 1, 1989 Ocean Products Fcu FL Trax Federal Credit Union
Jul 1, 1989 Ideal Credit Union WV West Virginia Central Federal Credit Union
Jul 1, 1989 Mount Carroll National Bank IL First Bank North
Jul 1, 1989 Wood River Hospital Credit Union IL Midwest Members Credit Union
Jul 1, 1989 Illinois Central East St. Louis Credit Union IL Midwest Members Credit Union
Jul 1, 1989 First National Bank of Freeport IL First Bank North
Jul 1, 1989 Brownbilt Credit Union MO First Missouri Credit Union
Jul 1, 1989 The Polo National Bank IL First Bank South
Jul 1, 1989 First National Bank of Morton IL First of America Bank-Illinois, National Association
Jul 1, 1989 Key Atlantic Bancorp NY KeyCorp
Jul 1, 1989 Granite Bank NH Granite Bank, National Association
Jul 1, 1989 Danco, Inc. IA Valley Bancshares, Inc.
Jul 1, 1989 Lee County Bancorp., Inc. IA Lee Capital Corp.
Jul 1, 1989 Humboldt Investment Corp. IA Bank Iowa Corporation
Jul 1, 1989 Sullivan Community Credit Union MO South Community Credit Union
Jul 1, 1989 Brenton Ins. Ag of Eagle Grove Inc IA Brenton Bank and Trust Company

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