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
Aug 24, 1989	Denton Federal Savings	Denton, TX	$142.7M	Kilgore FS&LA
Aug 24, 1989	Heritage Savings Assoc.	Jerseyville, IL	$32.9M	Carrollton B&TC
Aug 24, 1989	The Dakota Bank	Grand Forks, ND	$31.2M	First National Bank South
Aug 24, 1989	First State Bank	Pflugerville, TX	$30.7M	Hibernia National Bank in T
Aug 24, 1989	Farmers State Bank of Yuma	Yuma, CO	$26.6M	The First Security Bank
Aug 24, 1989	Troup Bank & Trust Company	Troup, TX	$24.1M	First National Bank of Jack
Aug 24, 1989	Summit Bank	San Antonio, TX	$19.2M	The Frost National Bank of
Aug 24, 1989	Park Central Bank, National Assoc	Fort Worth, TX	$11.9M	Colonial National Bank
Aug 17, 1989	Security Fed. S & L Assoc.	Peoria, IL	$318.3M	First Financial Bank, FSB
Aug 17, 1989	Taylorbanc Federal S & L	Taylor, TX	$139.5M	Kilgore FS&LA
Aug 17, 1989	Black Hawk S & L Assoc.	Rock Island, IL	$71.8M	American Bank of Rock Islan
Aug 17, 1989	First State Bank	Liberty, TX	$62.2M	First City, Texas-Beaumont
Aug 17, 1989	Southside Fed. S & L Assoc.	Austin, TX	$49.6M	Deposit payout
Aug 17, 1989	Citizens National Bank of Killeen	Killeen, TX	$35.5M	First National Bank of Temp
Aug 17, 1989	Hearne Building & Loan Assoc.	Hearne, TX	$27.1M	Deposit payout
Aug 17, 1989	Guadalupe S & L Assoc.	Kerrville, TX	$25.8M	Deposit payout
Aug 17, 1989	First State Bank of McKinney	McKinney, TX	$18.1M	First Bank
Aug 10, 1989	Peoples Heritage FS & La	Salina, KS	$1.81B	Branch sale
Aug 10, 1989	Metropolitan Financial FS & La	Dallas, TX	$799.5M	United Sa of the SW, FSB
Aug 10, 1989	Unifirst Bank for Savings	Jackson, MS	$738.3M	Branch sale
Aug 7, 1989	Security Homestead Federal	New Orleans, LA	$547.6M	Branch sale
Aug 7, 1989	South S & L Assoc.	Slidell, LA	$267.4M	Branch sale
Aug 7, 1989	Delta Savings & Loan Association	Kenner, LA	$148.5M	First State B&TC
Aug 7, 1989	Citizens Homestead FSA	New Orleans, LA	$108.6M	Deposit payout
Aug 7, 1989	American Savings & Loan	New Orleans, LA	$61.1M	Gulf Coast B&TC
Aug 7, 1989	Central Savings & Loan	New Orleans, LA	$53.3M	Gulf Coast B&TC
Aug 7, 1989	Home S & L Assoc.	New Orleans, LA	$36.5M	Deposit payout
Aug 7, 1989	Terrebonne S & L Assoc.	Houma, LA	$26.6M	St. Mary B&TC
Aug 7, 1989	First City Federal S & L	Baton Rouge, LA	$22.2M	Equitable Trust S&LA
Aug 4, 1989	Park Forty-Five National Bank	Spring, TX	$22.0M	Klein Bank
Aug 3, 1989	First Bank and Trust Company	Yale, OK	$28.5M	Mannford State Bank
Aug 3, 1989	University National Bank	San Antonio, TX	$19.8M	The Frost National Bank of
Aug 3, 1989	Barnard State Bank	Barnard, KS	$5.0M	Saline Valley Bank
Aug 1, 1989	Caprock Federal Savings & Loan	Lubbock, TX	$436.1M	Deposit payout
Jul 28, 1989	Empire State Bank	New York, NY	$30.2M	—
Jul 27, 1989	Capitol City Federal Savings	Austin, TX	$528.2M	Banc One TX, N.A.
Jul 27, 1989	New Guaranty Fed. S & L Assoc.	Taylor, MI	$212.5M	National Bank of Detroit
Jul 27, 1989	Hallmark S & L Association	Plano, TX	$166.1M	Deposit payout
Jul 27, 1989	North American FSA	San Antonio, TX	$99.8M	Deposit payout
Jul 27, 1989	Capitol Federal S & L	Little Rock, AR	$89.9M	Branch sale
Jul 27, 1989	New Braunfels S & La Assoc.	New Braunfels, TX	$85.6M	Victoria B&TC-West
Jul 27, 1989	Commercial S & La Assoc.	Hammond, LA	$74.2M	Deposit payout
Jul 27, 1989	Forestwood National Bank of Dallas	Dallas, TX	$62.0M	Comerica Bank-Texas
Jul 27, 1989	FSA of the Southwest	Kilgore, TX	$45.8M	Kilgore FS&LA
Jul 27, 1989	The Texas Bank & Trust Company	Sweetwater, TX	$33.7M	First National Bank, Sweetw
Jul 27, 1989	Lafayette S & L Assoc.	Gretna, LA	$29.1M	Algiers Homestead Associati
Jul 27, 1989	Brushy Creek National Bank	Round Rock, TX	$9.8M	Union National Bank, Austin
Jul 26, 1989	Hildalgo County Bank	Mercedes, TX	$18.9M	The First National Bank of
Jul 21, 1989	Fidelity Bank	Scottsdale, AZ	$11.2M	The Bank of Fountain Hills
Jul 20, 1989	Texas American Bank/Fort Worth,	Fort Worth, TX	$1.97B	Texas American Bridge 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 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

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