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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
Feb 10, 1989 Savers FS & La Little Rock, AR $806.0M Branch sale
Feb 10, 1989 Sandia FS & La Albuquerque, NM $747.1M Branch sale
Feb 10, 1989 Deseret S & L Assoc. Salt Lake City, UT $159.3M Zions First NB
Feb 10, 1989 Signal S&LA Signal Hill, CA $46.1M —
Feb 9, 1989 First Bank & Trust Bryan, TX $148.1M First American Bank
Feb 9, 1989 Citizens Bank Houston, TX $100.1M Deposit Guaranty Bank
Feb 9, 1989 Citizens Bank Houston Houston, TX $40.2M Deposit Guaranty Bank
Feb 7, 1989 Baltimore Federal Financial Baltimore, MD $1.57B Household Bank, FSB
Feb 7, 1989 Freedom S & La Tampa, FL $1.40B NCNB NB of FL
Feb 7, 1989 Gill Sa San Antonio, TX $1.21B Sunbelt Savings
Feb 7, 1989 Pacific Savings Bank Costa Mesa, CA $1.12B Royal Trust Holdings
Feb 3, 1989 Alaska Statebank Anchorage, AK $90.8M Key Bank of Alaska
Jan 27, 1989 Carver S&LA Escondido, CA $265.8M —
Jan 27, 1989 Oakwood National Bank Enid, OK $23.0M National BK of Com of AL
Jan 27, 1989 First FS&LA in New Albany New Albany, MS $20.8M —
Jan 26, 1989 First State Bank of Texas Duncanville, TX $16.3M Fidelity National Bank of D
Jan 26, 1989 Citizens State Bank Earth, TX $15.6M The First State Bank of Dim
Jan 26, 1989 Community Bank, N.A. Decker Prairie, TX $8.6M Tomball National Bank
Jan 19, 1989 Merchants State Bank Dallas, TX $122.0M Grand Bank
Jan 19, 1989 Southern Federal SB Thomasville, GA $76.6M —
Jan 19, 1989 The Planters Bank & Trust Company Haynesville, LA $57.3M Planters Bank and Trust Com
Jan 19, 1989 First National Bank of Cedar Park Cedar Park, TX $18.6M Union National Bank of Texa
Jan 12, 1989 The National Bank of Bossier City Bossier City, LA $73.3M Hibernia National Bank
Jan 12, 1989 Commercial State Bank Houston, TX $49.2M Channelview Bank
Jan 12, 1989 West Belt National Bank Houston, TX $26.1M Deposit Guranty Bank
Jan 12, 1989 Orleans Bank and Trust Company New Orleans, LA $24.9M Mississippi River Bank
Jan 12, 1989 Oak Hill National Bank Travis County, TX $18.2M Community National Bank
Jan 12, 1989 Rolling Hills State Bank Piedmont, OK $13.2M Farmers & Merchants Bank of
Jan 12, 1989 First State Bank Harper, TX $10.5M Security State Bank and Tru
Jan 5, 1989 Bank of Benton Benton, LA $12.2M Red River Valley 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
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
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

Or jump to a category: Failures · Mergers · Enforcement · Assistance