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 2, 1989	Elmwood Fed. S & L Assoc.	Harahan, LA	$57.4M	First NB of Commerce
Mar 2, 1989	First Fed. S & L Assoc.	Malvern, AR	$51.1M	Deposit payout
Mar 2, 1989	Suburban Savings Assoc.	San Antonio, TX	$49.2M	Plaza Bank, N.A.
Mar 2, 1989	The Barber County S & L Assoc.	Medicine Lodge, KS	$47.5M	First NB
Mar 2, 1989	Fountainbleau Federal	Slidell, LA	$38.7M	Fontainebleau Community Ban
Mar 2, 1989	Home Fed. S & L Assoc.	Mountain Home, AR	$37.2M	Deposit payout
Mar 2, 1989	Commonwealth S & L Assoc.	Osceola, AR	$37.1M	Southbank, a FSB
Mar 2, 1989	First Savings of Louisiana	La Place, LA	$25.9M	Hibernia NB
Mar 2, 1989	Unipoint Fed. Savings Bank	Trumann, AR	$18.9M	Unico Bank, FSB
Mar 2, 1989	Padre Federal S & L	Corpus Christi, TX	$18.4M	Deposit payout
Mar 2, 1989	Permian S & L Assoc.	Kermit, TX	$10.8M	Deposit payout
Feb 28, 1989	Commerce Sa	San Antonio, TX	$807.3M	Bank of America TX, N.A.
Feb 24, 1989	Mid-State S&LA	Champaign, IL	$28.4M	—
Feb 24, 1989	First Valley S&LA	Pikeville, TN	$11.9M	—
Feb 17, 1989	Southwest S & La	Phoenix, AZ	$2.27B	Security Pacific Bank Az
Feb 17, 1989	American S & La	Salt Lake City, UT	$2.18B	Pacific First FSB
Feb 17, 1989	Blue Valley FS & La	Kansas City, MO	$839.2M	United Missouri City Bank
Feb 17, 1989	Anchor Sa	Kansas City, KS	$834.0M	Bank IV Kansas City, N.A.
Feb 17, 1989	Occidental/Nebraska FSB	Omaha, NE	$677.3M	Firstier Bank, Na, Omaha
Feb 17, 1989	Security S & La	Scottsdale, AZ	$626.9M	Branch sale
Feb 17, 1989	Concordia Federal Bank for Savings	Lansing, IL	$468.8M	Advance FB for Savings
Feb 17, 1989	Guaranty Fed. S & L Assoc.	Birmingham, AL	$381.3M	Southtrust Affliated Banks
Feb 17, 1989	Horizon Fed. S & L Assoc.	Metairie, LA	$380.7M	Deposit payout
Feb 17, 1989	First FS & La	Largo, FL	$334.4M	Barnett Bank of Pinnelas Co
Feb 17, 1989	Westwood S & L Assoc.	Los Angeles, CA	$328.4M	Fidelity FB, FSB
Feb 17, 1989	Platte Valley FS & La	Gering, NE	$316.8M	First NB&TC of North Platte
Feb 17, 1989	North Jersey Federal Sav. Assoc.	Passaic, NJ	$278.1M	Valley NB
Feb 17, 1989	The First State Bank	Abilene, TX	$272.7M	NCNB Texas National Bank
Feb 17, 1989	French Market Homestead, FSA	Metairie, LA	$250.8M	First NB of Commerce
Feb 17, 1989	Mountainwest S & L Assoc.	Ogden, UT	$241.5M	Mountainwest Financial
Feb 17, 1989	Equitable Federal Savings Bank	Fremont, NE	$225.2M	Firstier Bank, Na, Omaha
Feb 17, 1989	Independence FS & La	Batesville, AR	$207.0M	Worthen B&TC, N.A.
Feb 17, 1989	Elysian Federal Savings Bank	Hoboken, NJ	$198.7M	Pamrapo SB, Sla
Feb 17, 1989	Sun Savings Association, F.A.	Kansas City, KS	$188.8M	Brotherhood B&TC
Feb 17, 1989	Community Saving & Loan	Fond du Lac, WI	$185.4M	Banc One Wi
Feb 17, 1989	Columbia Fed. Savings Bank	Westport, CT	$145.6M	Gateway Bank
Feb 17, 1989	Southern Floridabanc Federal	Boca Raton, FL	$143.3M	NCNB NB of FL
Feb 17, 1989	Midwest Fed. S & L Assoc.	Nebraska City, NE	$139.1M	American NB
Feb 17, 1989	Universal Savings & Loan	Scottsdale, AZ	$92.7M	First Arizona S&LA
Feb 17, 1989	Nile Valley Federal S & L Assoc.	Scottsbluff, NE	$56.3M	First NB&TC of North Platte
Feb 16, 1989	Louisiana Bank & Trust Company	Shreveport, LA	$270.4M	Hibernia National Bank
Feb 16, 1989	Texas National Bank	Houston, TX	$39.7M	First Galleria Bank
Feb 16, 1989	Security Bank	Houston, TX	$19.3M	Texas Commerce Bank, N.A.
Feb 16, 1989	Westpoint National Bank	San Antonio, TX	$8.3M	The Frost National Bank of
Feb 16, 1989	The Home State Bank	Arcadia, KS	$1.7M	—
Feb 15, 1989	First Continental National Bank	Houston, TX	$9.0M	—
Feb 14, 1989	University Federal Savings	Houston, TX	$4.48B	NCNB Texas National Bank
Feb 13, 1989	Midwest Federal Savings	Minneapolis, MN	$3.26B	Branch sale
Feb 10, 1989	Bright Banc	Dallas, TX	$4.39B	Banc One FSB
Feb 10, 1989	First Federal of Arkansas	Little Rock, AR	$1.58B	Branch sale

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
Sep 7, 1989	OCC	The First National Bank of Kiester	Civil Money Penalty (CMP): Lorenz, Forest
Sep 5, 1989	OCC	Citizens First Trust Company, LLC	Civil Money Penalty (CMP): Padgett, James L.
Aug 30, 1989	OCC	First Bank N.A.	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First Bank National Association
Aug 23, 1989	OCC_OTS	First Commerce Savings Bank, FSB	Supervisory Agreement: First Commerce Bank, A Federal Savings Bank
Aug 22, 1989	OCC	Bergen Park National Bank	Civil Money Penalty (CMP): Kinney, Gregg A.
Aug 22, 1989	OCC	Bergen Park National Bank	Civil Money Penalty (CMP): Lamphier, Mark A.
Aug 8, 1989	OCC_OTS	Brookside Federal Savings and Loan Association	Orders of Removal/Prohibition: Michael S. Moers
Aug 8, 1989	OCC_OTS	Cross Roads Savings and Loan Association, F.A.	Orders of Removal/Prohibition: Gary B. Hobbs
Aug 8, 1989	OCC_OTS	Padre Federal Savings & Loan Association	Orders of Removal/Prohibition: Clemente Garcia, Jr.
Aug 8, 1989	OCC_OTS	River City FSB	Orders of Removal/Prohibition: J. Edward Revel, Jr.
Aug 4, 1989	OCC_OTS	First Federal Savings and Loan of Central Indiana	Supervisory Agreement: First Savings and Loan Association of Central Indiana
Jun 22, 1989	OCC_OTS	(individual)	Supervisory Agreement: Peoples Savings and Loan Association of Brookville
Jun 20, 1989	OCC	First National Bank of Pickens County	Civil Money Penalty (CMP): Bailey, James K.
Jun 20, 1989	OCC	The Rushville National Bank	Civil Money Penalty (CMP): Hedrick, Donald E.
Jun 2, 1989	OCC_OTS	Southeastern Federal Savings Bank	Supervisory Agreement: Southeastern Savings Bank, Inc.
May 18, 1989	OCC_OTS	Great West, a Federal Savings Bank	Supervisory Agreement: Great West Savings Bank, F.S.B.
Apr 20, 1989	OCC_OTS	Home Federal Savings and Loan Association of Harlan	Supervisory Agreement: Home Federal Savings and Loan Association of Harlan
Apr 18, 1989	OCC_OTS	(individual)	Supervisory Agreement: Home Savings Association of Kansas City, F.A.
Apr 6, 1989	OCC_OTS	The Garnett Savings and Loan Association	Supervisory Agreement: The Garnett Savings and Loan Association
Mar 15, 1989	OCC_OTS	SJS Bancorp, Inc.	Supervisory Agreement: SJS Federal Savings Bank
Mar 15, 1989	OCC_OTS	Newport Savings and Loan Association	Supervisory Agreement: Newport Savings and Loan Association
Jan 23, 1989	OCC_OTS	American Charter Federal Savings and Loan Association	Supervisory Agreement: Charter Federal Savings and Loan Association
Jan 20, 1989	OCC_OTS	First Federal Savings Association of Chickasha	Supervisory Agreement: First Federal Savings and Loan Association of Chickasha
Jan 13, 1989	OCC_OTS	(individual)	Supervisory Agreement: Mid Kansas Federal Savings and Loan Association

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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