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
Mar 9, 1989	Trinity Valley Savings	Cleveland, TX	$91.9M	Hibernia NB, TX
Mar 9, 1989	Liberty Bell Savings Assoc.	Beaver Falls, PA	$90.3M	Reeves Bank
Mar 9, 1989	First Equity Sa	Tomball, TX	$87.1M	Kilgore FS&LA
Mar 9, 1989	Valley Federal S & L Assoc.	Grand Junction, CO	$83.8M	Mesa NB
Mar 9, 1989	Citizens of Texas S & L Assoc.	Baytown, TX	$76.4M	West Loop S&LA
Mar 9, 1989	Century Federal Savings Bank	Trenton, TN	$73.9M	Security Bank
Mar 9, 1989	Lincoln FS & La	Mt. Carmel, TN	$72.2M	Executive Park NB
Mar 9, 1989	First Capital Savings ASSOC./TEXAS	Houston, TX	$70.9M	NCNB Texas National Bank
Mar 9, 1989	Modern Fed. S & L Assoc.	Grand Junction, CO	$70.4M	Centennial SB
Mar 9, 1989	Sun Country SB of New Mexico	Albuquerque, NM	$66.5M	Deposit payout
Mar 9, 1989	Century Savings & Loan	Baytown, TX	$58.7M	NCNB Texas National Bank
Mar 9, 1989	Alpine Savings	Steamboat Springs, CO	$57.7M	Deposit payout
Mar 9, 1989	Colorado S & L Assoc.	Englewood, CO	$54.3M	Colorado SB, FSB of Grand C
Mar 9, 1989	Humble S & L Assoc.	Humble, TX	$50.3M	Hibernia NB, TX
Mar 9, 1989	Bank of the West	Austin, TX	$46.7M	The Bank of the West
Mar 9, 1989	Southeastern Savings Assoc.	Dayton, TX	$44.7M	Deposit payout
Mar 9, 1989	Liberty County FS & La	Liberty, TX	$43.8M	Bayshore NB
Mar 9, 1989	Bayshore Sa	Laporte, TX	$39.4M	BNB Sa, FSA
Mar 9, 1989	City Savings Assoc.	League City, TX	$33.8M	League City B&T
Mar 9, 1989	First Fed. S & L Assoc.	Summerville, GA	$32.8M	Interfederal SB
Mar 9, 1989	First Savings Bank of Alabama	Hamilton, AL	$26.0M	Southtrust Bank of Marion C
Mar 9, 1989	Rocky Mountain S & L Assoc.	Woodland Park, CO	$18.2M	Mountain NB
Mar 9, 1989	Lakeway National Bank	Austin, TX	$16.7M	First Commercial Bank, N.A.
Mar 9, 1989	Citizens Bank and Trust	Calvert, TX	$14.2M	First State Bank
Mar 9, 1989	United Guaranty Fed. Savings Bank	Tullahoma, TN	$11.5M	Franklin County Bank
Mar 2, 1989	San Antonio Savings	San Antonio, TX	$2.64B	First Gibraltar Bank, FSB
Mar 2, 1989	Bexar Savings Association	San Antonio, TX	$813.6M	Sunbelt Savings
Mar 2, 1989	Alamo Sa of Texas	San Antonio, TX	$569.9M	Deposit payout
Mar 2, 1989	Valley FS & La of Hutchinson	Hutchinson, KS	$222.4M	Branch sale
Mar 2, 1989	Shawnee Fed. S & L Assoc.	Topeka, KS	$221.1M	Bank IV Topeka, N.A.
Mar 2, 1989	First State Savings	San Antonio, TX	$217.0M	Banc One TX, N.A.
Mar 2, 1989	First Federal Savings/Hutchinson	Hutchinson, KS	$183.5M	Union NB
Mar 2, 1989	First FSB of Kansas	Wellington, KS	$155.9M	Branch sale
Mar 2, 1989	First Federal Bank of Alaska	Anchorage, AK	$137.6M	First NB of Anchorage
Mar 2, 1989	Landmark Savings Bank FSB	Hot Springs, AR	$132.3M	Branch sale
Mar 2, 1989	First Fed. S & L Assoc.	Fayetteville, AR	$125.6M	Branch sale
Mar 2, 1989	Madison Guaranty S & La	McCrory, AR	$114.7M	Branch sale
Mar 2, 1989	First State Savings Bank	Mountain Home, AR	$107.6M	Worthen B&TC, N.A.
Mar 2, 1989	Mission Sa of Texas	San Antonio, TX	$97.8M	Deposit payout
Mar 2, 1989	Topeka Savings	Topeka, KS	$96.6M	Bank IV Topeka, N.A.
Mar 2, 1989	Southmost S & L	Brownsville, TX	$95.8M	Deposit payout
Mar 2, 1989	Home Savings Bank	Anchorage, AK	$91.5M	Security Pacific Bank Ak, N
Mar 2, 1989	First FS & La of Coffeyville	Coffeyville, KS	$90.6M	Bank IV Coffeyville N.A.
Mar 2, 1989	Peoples S & L Assoc.	Parsons, KS	$84.3M	Parsons Commercial Bank
Mar 2, 1989	Mid America Fed. S & L Assoc.	Parsons, KS	$83.3M	Branch sale
Mar 2, 1989	Vision Banc Savings Assoc.	Kingsville, TX	$77.3M	Deposit payout
Mar 2, 1989	Gibraltar S & L Assoc.	Annapolis, MD	$71.8M	Annapolis NB
Mar 2, 1989	Colonial Savings Association	Liberal, KS	$70.3M	Garden NB of Garden City
Mar 2, 1989	La Hacienda Savings Assoc.	San Antonio, TX	$69.7M	First Community Bank
Mar 2, 1989	Enterprise Federal Savings	Marrero, LA	$63.5M	Whitney NB

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

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