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
Mar 16, 1989	River City Federal Savings	Baton Rouge, LA	$61.2M	Hibernia NB
Mar 16, 1989	Timberland FSA	Nacogdoches, TX	$60.3M	Citizens Bank
Mar 16, 1989	Liberty Federal Savings	New Port Richey, FL	$60.1M	Citizens & Southern NB FL
Mar 16, 1989	First Venice S & La	Venice, FL	$58.6M	NBD Florida, FSB
Mar 16, 1989	Deep East Texas Sa	Jasper, TX	$53.6M	Community Bank
Mar 16, 1989	Chillicothe Fed. S & L Assoc.	Chillicothe, IL	$51.0M	Southside Trust & SB of Peo
Mar 16, 1989	First Sav. Assoc. Southeast Texas	Silsbee, TX	$48.7M	Kilgore FS&LA
Mar 16, 1989	Home FS & La of Centralia	Centralia, IL	$47.6M	Magna Bank of Centralia
Mar 16, 1989	Rusk Fed. S & L Assoc.	Rusk, TX	$44.6M	Citizens Bank
Mar 16, 1989	Sabine Valley S & L Assoc.	Center, TX	$41.1M	Deposit payout
Mar 16, 1989	First FS & La	Baton Rouge, LA	$39.5M	Life SB
Mar 16, 1989	Brickellbanc Savings Assoc.	Miami, FL	$38.8M	Helm Bank
Mar 16, 1989	Evangeline Federal Savings & Loan	Lafayette, LA	$37.4M	Hibernia NB
Mar 16, 1989	First Fed. S & La of Seminole	Seminole, OK	$33.3M	First NB&TC of Holdenville
Mar 16, 1989	Southeast Texas FSA	Woodville, TX	$31.2M	Deposit payout
Mar 16, 1989	Merchants Marine Bank	Port Isabel, TX	$30.8M	FirstBank
Mar 16, 1989	Family FS & La	Shreveport, LA	$27.6M	City B&T of Shreveport
Mar 16, 1989	Golden Triangle S & La	Bridge City, TX	$26.9M	Deposit payout
Mar 16, 1989	First Fed. S & L Assoc.	Eunice, LA	$23.5M	Guaranty Bank of Mamou
Mar 16, 1989	First Savings of America FS & La	Orland Park, IL	$23.5M	St. Paul FB for Savings
Mar 16, 1989	The Farmers & Merchants State Bank	Ballinger, TX	$22.5M	The First National Bank of
Mar 16, 1989	Peoples FS & La of Thibodaux	Thibodaux, LA	$19.6M	First Interstate BK of So.
Mar 16, 1989	Island Bank	South Padre Island, TX	$17.5M	FirstBank
Mar 16, 1989	Community Fed. S & L Assoc.	Tampa, FL	$10.3M	Deposit payout
Mar 16, 1989	The Farmers State Bank, Bogue	Bogue, KS	$8.0M	Farmers & Merchants Bank of
Mar 15, 1989	First South Sa	Houston, TX	$278.0M	Deposit payout
Mar 10, 1989	Bankers Trust of Louisiana, N.A.	Kenner, LA	$83.0M	Investors Bank & Trust Comp
Mar 9, 1989	Hill Financial Sa	Red Hill, PA	$3.00B	Meridian Financial Sa, F.A.
Mar 9, 1989	Benjamin Franklin Sa	Houston, TX	$2.64B	Banc One TX, N.A.
Mar 9, 1989	Commonwealth Savings Assoc.	Houston, TX	$1.65B	Branch sale
Mar 9, 1989	Bancplus Savings Association	Pasadena, TX	$751.5M	United Sa of TX, FSB
Mar 9, 1989	Otero S & L Assoc.	Colorado Springs, CO	$558.6M	Branch sale
Mar 9, 1989	First Fed. S & La of Colorado SPR.	Colorado Springs, CO	$354.9M	Western NB of CO
Mar 9, 1989	Continental Savings, a FS & La	Bellaire, TX	$354.6M	Branch sale
Mar 9, 1989	First Fed. S & L Assoc.	Atlanta, GA	$301.0M	Merchant Bank of Atlanta
Mar 9, 1989	Sun S & La	Parker, CO	$289.5M	Deposit payout
Mar 9, 1989	American S & La of Brazoria	Lake Jackson, TX	$281.3M	Deposit payout
Mar 9, 1989	Concord-Liberty Fed. S & L Assoc.	Monroeville, PA	$220.3M	Parkvale Sa
Mar 9, 1989	American FS & La	Albuquerque, NM	$188.9M	First NB in Albuquerque
Mar 9, 1989	Valley Federal Savings	Roswell, NM	$180.6M	Deposit payout
Mar 9, 1989	Ameriway Savings	Houston, TX	$176.5M	United Sa of the SW, FSB
Mar 9, 1989	Western Gulf Savings	Bay City, TX	$154.8M	Victoria B&TC
Mar 9, 1989	Phenix Fed. S & L Assoc.	Phenix City, AL	$150.3M	Branch sale
Mar 9, 1989	Universal Sa	Houston, TX	$142.1M	Channelview Bank
Mar 9, 1989	Germantown Trust Savings	Germantown, TN	$135.9M	NB of Commerce
Mar 9, 1989	Mesa FS & La of Colorado	Grand Junction, CO	$117.4M	Mesa NB
Mar 9, 1989	Peoples Savings Assoc.	St. Joseph, MI	$107.3M	Peoples SB
Mar 9, 1989	Bankers S & L Assoc.	Galveston, TX	$106.4M	NCNB Texas National Bank
Mar 9, 1989	Spring Branch S & La	Houston, TX	$99.9M	Coastal Banc Sa
Mar 9, 1989	Village Savings FSB	Houston, TX	$93.8M	NCNB Texas National 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
Oct 1, 1989	Texas Eastern Credit Union	TX	Membersource Credit Union
Oct 1, 1989	The First National Bank of Hancock	NY	NBT Bank, N.A.
Oct 1, 1989	The Fulton County National Bank and Trust Company	NY	NBT Bank, N.A.
Oct 1, 1989	Steel Lec Federal Credit Union	PA	Tri-Valley Services Federal Credit Union
Oct 1, 1989	Pearl River Public Empl Cu	MS	Credit Union South
Oct 1, 1989	University & State Employees Credit Union of Santa Barbara	CA	The Golden 1 Credit Union
Oct 1, 1989	MetroBanc, National Association	MI	Comerica Bank National Association
Oct 1, 1989	(unnamed)	—	Fleet Bank-NH
Oct 1, 1989	Comerica Bank-Grand Rapids, National Association	MI	Comerica Bank National Association
Oct 1, 1989	Indian Head National Bank of Keene	NH	Fleet Bank-NH
Oct 1, 1989	First State Bank of McLaughlin	SD	First National Bank
Oct 1, 1989	Western District Credit Union	UT	Eastern Utah Community Credit Union
Oct 1, 1989	Sacramento Columbian Credit Union	CA	S a F E Credit Union
Oct 1, 1989	The Bank of Lake Placid	NY	NBT Bank, N.A.
Oct 1, 1989	Sheet Metal Workers Credit Union	MN	SMW Financial Credit Union
Oct 1, 1989	AmeriBank of Oldsmar	FL	Ameribank
Oct 1, 1989	Allegheny JWV Federal Credit Union	PA	Tri Boro Federal Credit Union
Oct 1, 1989	Dartmouth National Bank	NH	Fleet Bank-NH
Oct 1, 1989	Band Instrument Federal Credit Union	IN	Inova Federal Credit Union
Oct 1, 1989	Indian Head Bank North	NH	Fleet Bank-NH
Oct 1, 1989	Hyde Park Cooperative Federal Credit Union	IL	Vicinity Credit Union
Oct 1, 1989	Gas Light Federal Credit Union	IN	Sterling United Federal Credit Union
Oct 1, 1989	Hayes National Bank	NY	NBT Bank, N.A.
Oct 1, 1989	Rising Sun State Bank	IN	The Madison Bank and Trust Company
Oct 1, 1989	MVC Cu	MS	MSTC Federal Credit Union
Oct 1, 1989	Teamsters Local 830 Federal Credit Union	PA	Sun East Federal Credit Union
Oct 1, 1989	Sunnyside Financial Community Credit Union	WI	Southern Lakes Credit Union
Sep 30, 1989	The Citizens National Bank of Bedford	IN	NBD Bank, National Association
Sep 30, 1989	Credit Union 1 of Salina	KS	Great Plains Federal Credit Union
Sep 30, 1989	Community First Minnesota Bankshares, Inc.	ND	Community First Bankshares, Inc.
Sep 30, 1989	S B H Corp.	IL	Pinnacle Banc Group, Inc.
Sep 30, 1989	Citizens Bancshares Corporation	IN	INB Financial Corporation
Sep 30, 1989	Florida Community Banks, Inc.	FL	Southtrust of Northwest Florida, Inc.
Sep 30, 1989	Florida Central Banks, Inc.	FL	Southtrust of Northwest Florida, Inc.
Sep 30, 1989	C.R.N.B.SHARES, Inc.	WV	First Community Bancshares Inc
Sep 30, 1989	Cherry River National Bank of Richwood	WV	(unnamed)
Sep 30, 1989	CSL Savings Bank	OH	Diamond Savings and Loan Company
Sep 30, 1989	Sanese Credit Union, Inc.	OH	Wright-Patt Credit Union, Inc.
Sep 30, 1989	P F W Federal Credit Union	CA	San Diego County Credit Union
Sep 30, 1989	Shorter A.M.E. Federal Credit Union	CO	Space Age Credit Union
Sep 30, 1989	Pioneer Bancorporation, Inc.	CO	United Banks of Colorado Inc.
Sep 30, 1989	Bank of Washington County	FL	sSouthTrust Bank of Northwest Florida
Sep 30, 1989	First Bank of Holmes County	FL	sSouthTrust Bank of Northwest Florida
Sep 29, 1989	United Data Services Incorporated	PA	Integra Financial Corporation
Sep 29, 1989	Comanche Bancshares, Inc.	KS	Gold Banc Corporation, Inc.
Sep 29, 1989	Globe Financial Services, Inc.	MA	Capitol Bank and Trust Company
Sep 29, 1989	Oketo Banc Shares, Inc.	KS	Gold Banc Corporation, Inc.
Sep 27, 1989	Williston Realty Company	ND	American State Bank & Trust Company of Williston
Sep 27, 1989	Local 73 Credit Union	IL	Vicinity Credit Union
Sep 23, 1989	Davis County Bank	UT	Wells Fargo 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

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