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
Oct 7, 1989	Magna Bank of Lincoln	IL	Magna Bank of Springfield
Oct 7, 1989	(unnamed)	—	The Bank of New York Mellon
Oct 6, 1989	Key Bank of Wyoming - 303 Main Street, Lander, Wyoming 82520	WY	Key Bank of Wyoming - 123 East Main, Riverton, Wyoming 82501
Oct 6, 1989	Key Bank of Wyoming - 10 Shoshone, Green River, Wyoming 82935	WY	Key Bank of Wyoming - 200 North Center Street, Rock Springs, Wyoming 829
Oct 6, 1989	Key Bank of Wyoming - 849 Front Street, Evanston, Wyoming 82930	WY	Key Bank of Wyoming - 120 West Pearl, Jackson, Wyoming 83001
Oct 6, 1989	Key Bank of Wyoming - Seventh and Douglas Highway, Gillette, Wyoming 827	WY	Key Bank of Wyoming - Corner - Midwest and Wolcott, Casper, Wyoming 8260
Oct 6, 1989	National Bank of Commerce of De Ridder	LA	The First National Bank of Lake Charles
Oct 6, 1989	Key Bank of Wyoming - 7th and Robertson, Worland, Wyoming 82401	WY	Key Bank of Wyoming - 123 East Main, Riverton, Wyoming 82501
Oct 6, 1989	Key Bank of Wyoming - 2 North Main, Sheridan, Wyoming 82801	WY	Key Bank of Wyoming - Corner - Midwest and Wolcott, Casper, Wyoming 8260
Oct 6, 1989	First of America Bank - Copper Country	MI	First of America Bank-Upper Peninsula, National Association
Oct 6, 1989	Key Bank of Wyoming - 801 Pine Avenue, Kemmerer, Wyoming 83101	WY	Key Bank of Wyoming - 120 West Pearl, Jackson, Wyoming 83001
Oct 6, 1989	Key Bank of Wyoming - 2126 East A Street, Torrington, Wyoming 82240	WY	Community First National Bank
Oct 6, 1989	Key Bank of Wyoming - 1130 Sheridan Avenue, Cody, Wyoming 82414	WY	Key Bank of Wyoming - 123 East Main, Riverton, Wyoming 82501
Oct 6, 1989	Key Bank of Wyoming - 302 North 1st, Saratoga, Wyoming 82331	WY	Key Bank of Wyoming - 200 North Center Street, Rock Springs, Wyoming 829
Oct 6, 1989	Key Bank of Wyoming - 257 South Main Street, Lusk, Wyoming 82225	WY	Key Bank of Wyoming - Corner - Midwest and Wolcott, Casper, Wyoming 8260
Oct 6, 1989	Key Bank of Wyoming - 240 South 4th, Douglas, Wyoming 82633	WY	Key Bank of Wyoming - Corner - Midwest and Wolcott, Casper, Wyoming 8260
Oct 6, 1989	Key Bank of Wyoming - 440 Budd Avenue, Big Piney, Wyoming 83113	WY	Key Bank of Wyoming - 120 West Pearl, Jackson, Wyoming 83001
Oct 6, 1989	Key Bank of Wyoming - Fourth and Buffalo, Rawlins, Wyoming 82301	WY	Key Bank of Wyoming - 200 North Center Street, Rock Springs, Wyoming 829
Oct 6, 1989	Key Bank of Wyoming - 611 Ninth Street, Wheatland, Wyoming 82201	WY	Key Bank of Wyoming - Corner - Midwest and Wolcott, Casper, Wyoming 8260
Oct 6, 1989	NBC Bancshares of Deridder, Inc.	LA	Louisiana Banc One Corporation
Oct 6, 1989	Key Bank of Wyoming - 222 Garfield, Laramie, Wyoming 82070	WY	Key Bank of Wyoming - 200 North Center Street, Rock Springs, Wyoming 829
Oct 5, 1989	Weston Hospital Federal Credit Union	WV	Harrison County Federal Credit Union
Oct 2, 1989	Stauffer Big Island Federal Credit Union	WY	Trona Valley Community Federal Credit Union
Oct 2, 1989	Hemingford Banshares, Inc.	NE	Abbott Bank Group, Inc.
Oct 2, 1989	Hyannis Banshares, Inc.	NE	Abbott Bank Group, Inc.
Oct 2, 1989	Deshler State Company	NE	Midwest Banc Holding Co.
Oct 2, 1989	Bridgeport Banshares, Inc.	NE	Abbott Bank Group, Inc.
Oct 2, 1989	Johnson County Bank, National Association	TX	First State Bank
Oct 2, 1989	State Bank of Pennock	MN	Heritage Bank, N.A.
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	SKM Federal Credit Union	TN	Y-12 Federal Credit Union
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	Reliable Stores Corporation Credit Union	MD	Central Credit Union of Maryland
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	American State Bank	NE	Amfirst Bank
Oct 2, 1989	Gallup Municipal Federal Credit Union	NM	First Financial Credit Union
Oct 2, 1989	The Citizens National Bank of Madelia	MN	Heritage Bank, N.A.
Oct 1, 1989	W P Oroville Employees Federal Credit Union	CA	Butte Federal Credit Union
Oct 1, 1989	Citizens Group, Inc.	IL	Alpha Financial Group, Inc.
Oct 1, 1989	Dartmouth National Corporation	NH	Indian Head Banks Inc.
Oct 1, 1989	Brownie Cu	TN	Members First Credit Union
Oct 1, 1989	Town and Country Credit Union	IA	Citizens Community Credit Union
Oct 1, 1989	F&M Bank-Forest Junction	WI	F & M Bank - Hilbert
Oct 1, 1989	Automotive Parts Association Federal Credit Union	CA	Big Valley Federal 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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