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
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
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

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