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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
Jul 20, 1989 Commonwealth Federal S & L Fort Lauderdale, FL $1.58B Branch sale
Jul 20, 1989 Texas American Bank/Galleria, N.A. Houston, TX $289.6M Texas American Bridge Bank
Jul 20, 1989 New Mexico FSA Albuquerque, NM $240.7M First NB in Albuquerque
Jul 20, 1989 Texas American Bank/Dallas, N.A. Dallas, TX $229.7M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Amarillo, N.A. Amarillo, TX $218.2M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Duncanville Duncanville, TX $213.4M Texas American Bridge Bank
Jul 20, 1989 Home Federal S & L Assoc. Memphis, TN $204.3M First Commercial BK at Memp
Jul 20, 1989 Texas American Bank/Levelland Levelland, TX $195.0M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/McKinney, N.A. McKinney, TX $175.7M Texas American Bridge Bank
Jul 20, 1989 Utica National Bank & Trust Comp Tulsa, OK $165.0M The F & M Bank & Trust Comp
Jul 20, 1989 Texas American Bank/Tyler, N.A. Tyler, TX $153.8M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Fredericksburg Fredericksburg, TX $139.1M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Denison, N.A. Denison, TX $137.0M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Midland, N.A. Midland, TX $135.2M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Austin, N.A. Austin, TX $127.1M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Longview, N.A. Longview, TX $90.1M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Breckenridge Breckenridge, TX $82.0M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Temple, N.A. Temple, TX $68.0M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Wichita Falls Wichita Falls, TX $65.0M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/LBJ, N.A. Dallas, TX $62.8M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Forum, N.A. Arlington, TX $62.6M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Prestonwood, Dallas, TX $49.8M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Farmers Branch Farmers Branch, TX $48.4M Texas American Bridge Bank
Jul 20, 1989 Peoples S & L Assoc. Streator, IL $46.3M Branch sale
Jul 20, 1989 Texas American Bank/Richardson Richardson, TX $44.5M Texas American Bridge Bank
Jul 20, 1989 Sierra S & L Assoc. Beverly Hills, CA $40.7M Sun SB, FSB
Jul 20, 1989 Texas American Bank/Southwest, N.A. Stafford, TX $36.0M Texas American Bridge Bank
Jul 20, 1989 Fallbrook National Bank Houston, TX $36.0M Charter National Bank - Col
Jul 20, 1989 Texas American Bank/Plano, N.A. Plano, TX $34.8M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Greater South Grand Prairie, TX $32.7M Texas American Bridge Bank
Jul 20, 1989 American Interstate Sa Los Angeles, CA $24.9M Deposit payout
Jul 20, 1989 Parish Federal S & L Assoc. Denham Springs, LA $14.7M Deposit payout
Jul 14, 1989 Independent Bank, National Assoc Coppell, TX $34.7M Metropolitan National Bank
Jul 13, 1989 First Savings & Loan Waco, TX $373.7M Kilgore FS&LA
Jul 13, 1989 Cornerstone Federal Savings Houston, TX $112.4M Great Southwest Savings, F.A.
Jul 13, 1989 Pioneer Savings F.A. Plymouth, IN $81.0M Ameritrust NB
Jul 13, 1989 National Bank of Commerce of Brownsville Brownsville, TX $34.7M Texas Commerce Bank Rio Gra
Jul 13, 1989 Cross Roads S & La Checotah, OK $16.8M Peoples NB
Jul 13, 1989 The Sterlington Bank Sterlington, LA $15.2M Bank of St. Joseph & Trust
Jul 13, 1989 Bennett National Bank Bennett, CO $8.3M The First National Bank of
Jul 5, 1989 102 Valley Bank Hopkins, MO $5.0M The Nodaway Valley Bank
Jun 30, 1989 First National Bank of Richardson Richardson, TX $44.5M Deposit Guaranty Bank
Jun 30, 1989 Independent Bank-East, National Rockwall, TX $40.6M American National Bank of T
Jun 29, 1989 Victoria Sa San Antonio, TX $882.8M Branch sale
Jun 29, 1989 Missouri Savings Association Clayton, MO $661.1M Mercantile Bank of St. Loui
Jun 29, 1989 First Fed. S & L Assoc. Bakersfield, CA $126.4M Bank of America Ntsa
Jun 29, 1989 Mid Missouri S & L Assoc. Boonville, MO $76.7M United S&LA
Jun 29, 1989 Amerimac Savings Bank, FS Hillsboro, IL $29.6M Security SB, FSB
Jun 29, 1989 The Guardian Fed. S & L Assoc. Bakersfield, CA $29.4M Bank of America Ntsa
Jun 29, 1989 Peoples S & L Assoc. Hampton, VA $23.9M Consolidated B&TC

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

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