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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
Nov 9, 1989 National Industrial Bank of Connecticut Meriden, CT $46.5M Central Bank
Nov 9, 1989 United National Bank of Plano Plano, TX $29.8M Hibernia National Bank in T
Nov 9, 1989 The Lee State Bank Browerville, MN $13.4M First National Bank of Long
Nov 2, 1989 First Louisiana Federal Savings Lafayette, LA $161.8M St. Landry B&T Co.
Nov 2, 1989 Bank of St. Charles St. Rose, LA $65.2M First American Bank and Tru
Oct 26, 1989 Great Plains Savings Weatherford, OK $99.8M Local Federal Bank, FSB
Oct 26, 1989 First Security Bank and Trust Co Haughton, LA $20.6M Tri-State Bank and Trust
Oct 26, 1989 Western National Bank of Louisiana Kaplan, LA $11.8M Kaplan State Bank
Oct 20, 1989 First Consolidated Bank - Pleasant Run Lancaster, TX $19.3M First City, Texas - Bryan
Oct 20, 1989 First Consolidated Bank - Rosebud Rosebud, TX $17.1M First City, Texas - Bryan
Oct 20, 1989 First Consolidated Bank - Buda Buda, TX $15.0M Austin National Bank
Oct 20, 1989 First Consolidated Bank - Ferris Ferris, TX $12.0M First City, Texas-Bryan, N.A.
Oct 20, 1989 First Consolidated Bank - Hillsboro Hillsboro, TX $11.3M First State Bank, Hubbard
Oct 19, 1989 Mid Kansas S & La Assoc. Wichita, KS $761.9M Branch sale
Oct 19, 1989 Valley Federal Savings McAllen, TX $517.1M International Bank of Comme
Oct 19, 1989 Surety Federal Savings Assoc. El Paso, TX $291.0M Deposit payout
Oct 19, 1989 Peoples Homestead Savings Bank Monroe, LA $268.9M Branch sale
Oct 19, 1989 Seasons Federal Savings Bank Richmond, VA $260.8M Crestar Bank
Oct 19, 1989 Century Bank Phoenix, AZ $120.4M Century Bank
Oct 19, 1989 Beaumont BANK-N.A. Beaumont, TX $29.2M Texas Commerce Bank-Beaumon
Oct 19, 1989 Park Avenue Bank, National Assoc Oklahoma City, OK $17.9M Founders Bank & Trust Compa
Oct 16, 1989 Banc Iowa Federal Savings Bank Cedar Rapids, IA $161.9M Branch sale
Oct 13, 1989 Columbia Federal Homestead Metairie, LA $96.1M Branch sale
Oct 12, 1989 Citizens Bank Galveston, TX $31.3M Bank of Galveston, National
Oct 12, 1989 North Bank, N.A. Oklahoma City, OK $12.4M The Liberty National Bank a
Oct 6, 1989 First Bank Colorado Springs, CO $36.0M Colorado National Bank - Ex
Oct 5, 1989 American Home S & L Edmond, OK $96.7M Founders B&TC
Oct 5, 1989 Commonwealth Bank Arlington, TX $74.9M Comerica Bank - Texas
Oct 5, 1989 Family Savings Bank, FSB Sapulpa, OK $50.9M American NB&T
Oct 5, 1989 The Olla State Bank Olla, LA $23.6M Jonesville Bank & Trust Com
Oct 5, 1989 Strawn Security Bank Strawn, TX $14.4M The First National Bank of
Oct 5, 1989 First National Bank of Vail Vail, CO $3.6M Bank Northwest
Sep 28, 1989 National Bank of Arizona Scottsdale, AZ $15.8M Security Pacific Bank, Nati
Sep 28, 1989 Colorado Savings Bank Sterling, CO $12.3M Colorado FSB
Sep 23, 1989 The Farmers State Bank Lyman, NE $5.7M First National Bank in Morr
Sep 21, 1989 East Texas S & La Association Tyler, TX $362.4M NCNB Texas National Bank
Sep 21, 1989 Plano S & L Assoc. Plano, TX $274.4M First Gibraltar Bank, FSB
Sep 21, 1989 First Fed. S & La of Brenham Brenham, TX $148.4M Kilgore FS&LA
Sep 21, 1989 First Garland Fed. S & L Garland, TX $132.4M Kilgore FS&LA
Sep 21, 1989 Rose Capital Bank Tyler, TX $62.7M First City, Texas-Tyler, N.A.
Sep 14, 1989 First Savings of Laredo Laredo, TX $171.2M Deposit payout
Sep 14, 1989 Medcentre BANK,N.A. San Antonio, TX $27.8M First City, Texas-San Anton
Sep 14, 1989 First Bankers Trust of Bossier City Bossier City, LA $27.1M First American Bank & Trust
Sep 14, 1989 Kirby State Bank Kirby, TX $16.8M Schertz Bank & Trust
Sep 14, 1989 Prairie State Bank Grand Prairie, TX $16.4M Bedford National Bank
Sep 7, 1989 Citizens S & La of Springfield Springfield, IL $89.3M Magna Bank of Springfield
Sep 7, 1989 The Lasalle State Bank Jena, LA $38.8M Jonesville Bank & Trust Com
Sep 7, 1989 Thousand Oaks National Bank San Antonio, TX $30.2M Hibernia National Bank in T
Sep 1, 1989 Liberty Bank Glendale, AZ $32.4M Community Bank of Arizona
Aug 31, 1989 The Burr Oak State Bank Burr Oak, KS $4.4M First National Bank in Mank

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

Browse adjacent years: 1988 · 1990

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