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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
Dec 1, 1989 Columbian Savings and Loan Association IL First Community Bank, National Association
Dec 1, 1989 (unnamed) — KeyBank National Association
Dec 1, 1989 Honeywell West Coast Federal Credit Union CA Kinecta Federal Credit Union
Dec 1, 1989 Sioux Falls Milwaukee Employees Federal Credit Union SD Bluestone Federal Credit Union
Dec 1, 1989 First Federal Savings and Loan Association of North Carolina NC Raleigh Federal Savings Bank
Dec 1, 1989 Union Boulevard National Bank KS Commerce Bank, National Association
Dec 1, 1989 Angleton Bank of Commerce TX Victoria Bank & Trust Company - Central
Dec 1, 1989 Bell and Howell Employees Credit Union IL Sherwin Williams Employees Credit Union
Dec 1, 1989 Bank of Oklahoma, Mercantile Center OK BOKF, N.A.
Dec 1, 1989 The Citizens State Bank of Greenville, Ohio OH (unnamed)
Dec 1, 1989 U C U Council Credit Union IL Archer Heights Credit Union
Dec 1, 1989 Lyndon Guaranty Bank of Ohio OH Heartland Bank
Dec 1, 1989 American National Bank TX Victoria Bank & Trust Company - Central
Nov 30, 1989 Golden Crescent Credit Union, Inc. OH Lormet Community Federal Credit Union
Nov 30, 1989 Zapp Bank Plaza Partnership II MN Zappco, Inc.
Nov 30, 1989 West-Co Federal Credit Union CA Foothill Federal Credit Union
Nov 30, 1989 Grainmillers Credit Union KS Salina Railroad Credit Union
Nov 30, 1989 Webster Building & Loan Association PA Tioga-Franklin Savings Bank
Nov 29, 1989 Alcobar Federal Credit Union PA Omega Federal Credit Union
Nov 29, 1989 Weaver Employee Credit Union PA Citadel Federal Credit Union
Nov 28, 1989 National Bank of Commerce TX First National Bank
Nov 27, 1989 Colonial Bank AL Colonial Bank
Nov 22, 1989 First of Omaha Savings Co. NE First National Bank of Omaha
Nov 22, 1989 The Plains Corporation TX The Plains Corporation
Nov 21, 1989 Citizens, Inc. MN Flagship Financial Group, Inc.
Nov 20, 1989 First Wisconsin South West Bank of Sheboygan WI Firstar Bank Sheboygan, National Association
Nov 20, 1989 Lawrence State Bank NE Security National Bank of Superior
Nov 19, 1989 Peoples Savings Bank, FSB MI Standard Federal Bank
Nov 18, 1989 Federal Reserve Bank Employees Credit Union MN Topline Financial Credit Union
Nov 18, 1989 Bank One, Waukesha WI Bank One, Wisconsin
Nov 18, 1989 Ameritrust National Bank, Hamilton County IN Ameritrust National Bank, Central Indiana
Nov 17, 1989 First State Bank of Poteet TX Victoria Bank & Trust Company - West
Nov 17, 1989 First National Bank in Pleasanton TX Victoria Bank & Trust Company - West
Nov 17, 1989 Cibolo State Bank TX Victoria Bank & Trust Company - West
Nov 17, 1989 Cullen Bank Northfield, National Association TX Cullen Center Bank & Trust
Nov 17, 1989 Stanley-Proto Federal Credit Union OR Ibew & United Workers Federal Credit Union
Nov 17, 1989 Hays County National Bank TX Victoria Bank & Trust Company - West
Nov 13, 1989 Bank of the Midlands NE Pinnacle Bank
Nov 11, 1989 Sovran Bank/Eastern TN NationsBank of Tennessee, National Association
Nov 10, 1989 Labanco, Inc. NE United Nebraska Financial Co.
Nov 10, 1989 Kingsville Bank and Trust Company, National Association TX Victoria Bank & Trust Company - Central
Nov 10, 1989 Hackensack Hospital Employees Federal Credit Union NJ Greater Alliance Federal Credit Union
Nov 10, 1989 The First State Bank of Taft TX Victoria Bank & Trust Company - Central
Nov 10, 1989 Investors Bank & Trust GA Barnett Bank of Atlanta
Nov 10, 1989 Bank of Burwell NE United Nebraska Bank
Nov 10, 1989 Citizens State Bank of Bastrop TX Victoria Bank & Trust Company - Central
Nov 10, 1989 The Nolte National Bank of Seguin TX Victoria Bank & Trust Company - Central
Nov 10, 1989 Investors Trust Financial Corporation GA First City Bancorp, Inc.
Nov 7, 1989 Olean MC Graw-Edison PSD Empl Federal Credit Union NY High Point Federal Credit Union
Nov 6, 1989 Irving Trust Company Florida FL The Bank of New York Trust Company, N.A.

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

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