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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
Jul 20, 1989 Commonwealth Federal S & L Fort Lauderdale, FL $1.58B Branch sale
Jul 20, 1989 Texas American Bank/Galleria, N.A. Houston, TX $289.6M Texas American Bridge Bank
Jul 20, 1989 New Mexico FSA Albuquerque, NM $240.7M First NB in Albuquerque
Jul 20, 1989 Texas American Bank/Dallas, N.A. Dallas, TX $229.7M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Amarillo, N.A. Amarillo, TX $218.2M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Duncanville Duncanville, TX $213.4M Texas American Bridge Bank
Jul 20, 1989 Home Federal S & L Assoc. Memphis, TN $204.3M First Commercial BK at Memp
Jul 20, 1989 Texas American Bank/Levelland Levelland, TX $195.0M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/McKinney, N.A. McKinney, TX $175.7M Texas American Bridge Bank
Jul 20, 1989 Utica National Bank & Trust Comp Tulsa, OK $165.0M The F & M Bank & Trust Comp
Jul 20, 1989 Texas American Bank/Tyler, N.A. Tyler, TX $153.8M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Fredericksburg Fredericksburg, TX $139.1M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Denison, N.A. Denison, TX $137.0M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Midland, N.A. Midland, TX $135.2M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Austin, N.A. Austin, TX $127.1M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Longview, N.A. Longview, TX $90.1M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Breckenridge Breckenridge, TX $82.0M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Temple, N.A. Temple, TX $68.0M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Wichita Falls Wichita Falls, TX $65.0M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/LBJ, N.A. Dallas, TX $62.8M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Forum, N.A. Arlington, TX $62.6M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Prestonwood, Dallas, TX $49.8M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Farmers Branch Farmers Branch, TX $48.4M Texas American Bridge Bank
Jul 20, 1989 Peoples S & L Assoc. Streator, IL $46.3M Branch sale
Jul 20, 1989 Texas American Bank/Richardson Richardson, TX $44.5M Texas American Bridge Bank
Jul 20, 1989 Sierra S & L Assoc. Beverly Hills, CA $40.7M Sun SB, FSB
Jul 20, 1989 Texas American Bank/Southwest, N.A. Stafford, TX $36.0M Texas American Bridge Bank
Jul 20, 1989 Fallbrook National Bank Houston, TX $36.0M Charter National Bank - Col
Jul 20, 1989 Texas American Bank/Plano, N.A. Plano, TX $34.8M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Greater South Grand Prairie, TX $32.7M Texas American Bridge Bank
Jul 20, 1989 American Interstate Sa Los Angeles, CA $24.9M Deposit payout
Jul 20, 1989 Parish Federal S & L Assoc. Denham Springs, LA $14.7M Deposit payout
Jul 14, 1989 Independent Bank, National Assoc Coppell, TX $34.7M Metropolitan National Bank
Jul 13, 1989 First Savings & Loan Waco, TX $373.7M Kilgore FS&LA
Jul 13, 1989 Cornerstone Federal Savings Houston, TX $112.4M Great Southwest Savings, F.A.
Jul 13, 1989 Pioneer Savings F.A. Plymouth, IN $81.0M Ameritrust NB
Jul 13, 1989 National Bank of Commerce of Brownsville Brownsville, TX $34.7M Texas Commerce Bank Rio Gra
Jul 13, 1989 Cross Roads S & La Checotah, OK $16.8M Peoples NB
Jul 13, 1989 The Sterlington Bank Sterlington, LA $15.2M Bank of St. Joseph & Trust
Jul 13, 1989 Bennett National Bank Bennett, CO $8.3M The First National Bank of
Jul 5, 1989 102 Valley Bank Hopkins, MO $5.0M The Nodaway Valley Bank
Jun 30, 1989 First National Bank of Richardson Richardson, TX $44.5M Deposit Guaranty Bank
Jun 30, 1989 Independent Bank-East, National Rockwall, TX $40.6M American National Bank of T
Jun 29, 1989 Victoria Sa San Antonio, TX $882.8M Branch sale
Jun 29, 1989 Missouri Savings Association Clayton, MO $661.1M Mercantile Bank of St. Loui
Jun 29, 1989 First Fed. S & L Assoc. Bakersfield, CA $126.4M Bank of America Ntsa
Jun 29, 1989 Mid Missouri S & L Assoc. Boonville, MO $76.7M United S&LA
Jun 29, 1989 Amerimac Savings Bank, FS Hillsboro, IL $29.6M Security SB, FSB
Jun 29, 1989 The Guardian Fed. S & L Assoc. Bakersfield, CA $29.4M Bank of America Ntsa
Jun 29, 1989 Peoples S & L Assoc. Hampton, VA $23.9M Consolidated B&TC

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