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
Dec 21, 1989	Columbia FSA	Nassau Bay, TX	$77.1M	Deposit payout
Dec 21, 1989	Silver Savings Assoc.	Silver City, NM	$32.2M	First New Mexico Bank
Dec 20, 1989	First City National Bank and Trust	New York, NY	$39.5M	—
Dec 20, 1989	United Community Bank	Westlake Village, CA	$32.3M	Olympic National Bank
Dec 15, 1989	First American Bank and Trust	North Palm Beach, FL	$1.38B	First American Bank and Tru
Dec 14, 1989	Yorkridge-Calvert Federal Savings	Baltimore, MD	$585.8M	Household Bank, FSB
Dec 14, 1989	Louisiana Savings Assn.	Lake Charles, LA	$449.3M	Branch sale
Dec 14, 1989	First Acadiana Bank	Eunice, LA	$46.8M	American Security Bank of V
Dec 14, 1989	Canyon Lake Bank	Canyon Lake, TX	$31.0M	Victoria Bank & Trust Compa
Dec 14, 1989	North Side State Bank	Tulsa, OK	$20.4M	Bank of Tulsa
Dec 14, 1989	Red River S & L Assoc.	Coushatta, LA	$10.4M	Peoples State Bank
Dec 13, 1989	City National Bank of Sayre	Sayre, OK	$21.0M	First State Bank and Trust
Dec 13, 1989	Midlothian National Bank	Midlothian, TX	$9.9M	The First National Bank in
Dec 8, 1989	City Savings, FSB	Somerset, NJ	$9.81B	Branch sale
Dec 8, 1989	Atlantic Permanent Federal	Norfolk, VA	$581.0M	Branch sale
Dec 8, 1989	First Bank, Pineville, Louisiana	Pineville, LA	$72.3M	Rapides Bank & Trust Compan
Dec 8, 1989	Orange State Bank	Miami, FL	$8.0M	Helm Bank
Dec 7, 1989	Arlington Heights Savings Assoc.	Arlington Heights, IL	$509.1M	Citibank FSB
Dec 7, 1989	Community Federal Savings Assoc.	Bridgeport, CT	$58.3M	Union Trust Co.
Dec 7, 1989	Westheimer Memorial Bank, N.A.	Houston, TX	$38.9M	Hibernia National Bank in T
Dec 7, 1989	First Commerce National Bank	Phoenix, AZ	$20.3M	Citicorp(arizona)
Dec 7, 1989	Atlantic National Bank	Norfolk, VA	$14.4M	New Atlantic Bank, National
Dec 7, 1989	The Garnett S & L Assoc.	Garnett, KS	$13.6M	Farmers State Bank
Dec 7, 1989	Aledo State Bank	Aledo, TX	$9.9M	Citizens National Bank of W
Dec 7, 1989	First National Bank of Frisco	Frisco, TX	$9.0M	Hibernia National Bank in T
Dec 1, 1989	First Security Bank of Glendive	Glendive, MT	$32.4M	The First National Bank of
Dec 1, 1989	Central Dakota Bank	Lehr, ND	$13.9M	Security State Bank, Wishek
Nov 30, 1989	Security Federal Savings, FSB	Columbia, SC	$759.2M	South Carolina NB
Nov 30, 1989	Brookside Federal S & L	Los Angeles, CA	$601.4M	Deposit payout
Nov 30, 1989	Southwestern Federal Savings	El Paso, TX	$126.4M	Deposit payout
Nov 30, 1989	Austin FS & La	Austin, TX	$113.4M	Deposit payout
Nov 30, 1989	Fortune Financial Fed. S & L Assoc	Copperas Cove, TX	$84.2M	Deposit payout
Nov 30, 1989	Greater Texas Bank Southwest, N.A.	Travis County, TX	$32.6M	NCNB Texas National Bank
Nov 30, 1989	Salamanca Fed. Savings Assoc.	Salamanca, NY	$29.7M	Cattaraugus City Bank
Nov 30, 1989	Greater Texas Bank North, N.A.	Austin, TX	$22.7M	Hibernia National Bank in T
Nov 30, 1989	First Federal Savings Bank	Diamondville, WY	$13.4M	Deposit payout
Nov 17, 1989	Security National Bank of Shreveport	Shreveport, LA	$19.4M	—
Nov 16, 1989	Sooner Federal Savings Assoc.	Tulsa, OK	$1.53B	First Gibraltar Bank, FSB
Nov 16, 1989	General Federal Savings Bank	Coral Gables, FL	$355.5M	Republic NB of Miami
Nov 16, 1989	First Federal S & L /Central Indiana	Anderson, IN	$192.4M	Shelby FSB
Nov 16, 1989	Texas Western Federal Savings	Houston, TX	$116.1M	Deposit payout
Nov 16, 1989	Security Fed. Savings Association	Garden Grove, CA	$71.0M	Itt FB, FSB
Nov 16, 1989	Love Field National Bank	Dallas, TX	$28.3M	Hibernia National Bank in T
Nov 16, 1989	Executive National Bank	San Antonio, TX	$7.3M	Hibernia National Bank in T
Nov 9, 1989	Colonial Federal Savings Assoc.	Roselle Park, NJ	$427.1M	Branch sale
Nov 9, 1989	Fidelity Federal Savings Assoc.	Galesburg, IL	$393.8M	First Bank, a SB
Nov 9, 1989	Crest Federal S & L	Kankakee, IL	$137.1M	Branch sale
Nov 9, 1989	Aspen Savings Bank FSB	Aspen, CO	$136.3M	Bank of Aspen
Nov 9, 1989	Saratoga S & L Association	San Jose, CA	$84.5M	Pacific Western Bank
Nov 9, 1989	City National Bank of Plano	Plano, TX	$56.5M	Compass Bank - Plano

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

Browse adjacent years: 1988 · 1990

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