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
Nov 4, 1989	Bank One, Mequon	WI	Bank One, Wisconsin
Nov 4, 1989	Continental Illinois Holding Corporation	IL	Continental Bank Corporation
Nov 4, 1989	Ontario Savings and Loan Association	CA	Union Federal Bank, a Federal Savings Bank
Nov 4, 1989	Community Bank of Creswell	OR	Siuslaw Bank
Nov 3, 1989	I P T C Employees Credit Union	IN	Indiana Members Credit Union
Nov 3, 1989	State Bank of St. Joseph	IL	Busey Bank
Nov 3, 1989	First of America Bank - Gogebic, National Association	MI	First of America Bank-Upper Peninsula, National Association
Nov 2, 1989	Midwest Financial Group, Inc.	IL	First of America Bancorporation-Illinois, Inc.
Nov 1, 1989	Miller-Rellim Redwood Employees Credit Union	CA	Coast Central Credit Union
Nov 1, 1989	Central Financial Group, Inc.	IL	Banc One Illinois Corporation
Nov 1, 1989	Landmark Bank of Branson	MO	Union Planters Bank of Southwest Missouri
Nov 1, 1989	Mendota Credit Union	WI	Heritage Credit Union
Nov 1, 1989	Lincoln/MSC Postal Employees Credit Union	NE	Spirit of America Federal Credit Union
Nov 1, 1989	Warner Center Credit Union	CA	Fiscal Credit Union
Nov 1, 1989	Employees Credit Union Swift & Company Los Angeles	CA	Credit Union of Southern California, a Federal Credit Union
Nov 1, 1989	American National Bank - Corpus Christi	TX	American Bank, National Association
Nov 1, 1989	Mercy Center Federal Credit Union	IL	Healthcare Associates Credit Union
Nov 1, 1989	Landmark Bank of Springfield	MO	Union Planters Bank of Southwest Missouri
Nov 1, 1989	American Bank and Trust Company	NC	Southern National Bank of North Carolina
Nov 1, 1989	Patrons Credit Union	KS	Kansas Teachers Community Credit Union
Nov 1, 1989	The Nodaway Valley National Bank of Villisca	IA	Bank Iowa
Nov 1, 1989	SNC Employees Federal Credit Union	PA	1st Choice Community Federal Credit Union
Nov 1, 1989	Community National Bank	TX	First State Bank
Nov 1, 1989	Community State Bank of Fowlerville	MI	NBD Commerce Bank
Oct 31, 1989	Campus Corner Development Company	WA	KeyBank National Association
Oct 31, 1989	Rutland Development Corporation	WA	KeyBank National Association
Oct 31, 1989	Federal Way Realty Investors, Inc.	WA	KeyBank National Association
Oct 31, 1989	Associates Federal Savings and Loan Association	CA	Granite Bank, Federal Savings Bank
Oct 31, 1989	CCNB Bancshares Corporation	MO	Landmark Acquisition Corporation
Oct 31, 1989	Honolulu Roofing Federal Credit Union	HI	Hawaii Federal Credit Union
Oct 30, 1989	Standish Community Credit Union	MI	North Central Area Credit Union
Oct 28, 1989	Fayetteville First Federal Savings and Loan Association	TN	First American Federal Savings and Loan Association
Oct 28, 1989	Rock County Savings and Trust Company	WI	Johnson Bank, National Association
Oct 27, 1989	American Bank	VA	Jefferson National Bank/Tidewater
Oct 27, 1989	Fair Oaks National Bank	TX	Frost Bank
Oct 27, 1989	First National Bank	TX	Frost Bank
Oct 26, 1989	The Jackson County State Bank	TX	Norwest Bank Texas, South Central
Oct 26, 1989	Bank of Commerce Calhoun County	TX	Norwest Bank Texas, South Central
Oct 24, 1989	Mutual Federal Savings and Loan Association	IN	Household Bank, F.S.B.
Oct 23, 1989	Wabash County School Employees Federal Credit Union	IN	Beacon Credit Union
Oct 20, 1989	Southwest Bank	CA	(unnamed)
Oct 19, 1989	Pelican Bancshares, Inc.	MN	International Bancorporation, Inc.
Oct 14, 1989	Bank of Oklahoma, Southwest Tulsa	OK	BOKF, N.A.
Oct 14, 1989	Security Bancshares, Incorporated	LA	First Capital Bancorp, Inc.
Oct 14, 1989	Bank of Oklahoma, Broken Arrow, National Association	OK	BOKF, N.A.
Oct 14, 1989	Security Bank, Monroe, Louisiana	LA	Capital Bank
Oct 14, 1989	Bank of Oklahoma, Lewis Center	OK	BOKF, N.A.
Oct 14, 1989	Bank of Oklahoma, City Plaza	OK	BOKF, N.A.
Oct 10, 1989	Virginia Beach Federal Credit Union	VA	Navy Federal Credit Union
Oct 7, 1989	Lake Shore K C Federal Credit Union	MI	Eastside Family 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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