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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
Nov 9, 1989 National Industrial Bank of Connecticut Meriden, CT $46.5M Central Bank
Nov 9, 1989 United National Bank of Plano Plano, TX $29.8M Hibernia National Bank in T
Nov 9, 1989 The Lee State Bank Browerville, MN $13.4M First National Bank of Long
Nov 2, 1989 First Louisiana Federal Savings Lafayette, LA $161.8M St. Landry B&T Co.
Nov 2, 1989 Bank of St. Charles St. Rose, LA $65.2M First American Bank and Tru
Oct 26, 1989 Great Plains Savings Weatherford, OK $99.8M Local Federal Bank, FSB
Oct 26, 1989 First Security Bank and Trust Co Haughton, LA $20.6M Tri-State Bank and Trust
Oct 26, 1989 Western National Bank of Louisiana Kaplan, LA $11.8M Kaplan State Bank
Oct 20, 1989 First Consolidated Bank - Pleasant Run Lancaster, TX $19.3M First City, Texas - Bryan
Oct 20, 1989 First Consolidated Bank - Rosebud Rosebud, TX $17.1M First City, Texas - Bryan
Oct 20, 1989 First Consolidated Bank - Buda Buda, TX $15.0M Austin National Bank
Oct 20, 1989 First Consolidated Bank - Ferris Ferris, TX $12.0M First City, Texas-Bryan, N.A.
Oct 20, 1989 First Consolidated Bank - Hillsboro Hillsboro, TX $11.3M First State Bank, Hubbard
Oct 19, 1989 Mid Kansas S & La Assoc. Wichita, KS $761.9M Branch sale
Oct 19, 1989 Valley Federal Savings McAllen, TX $517.1M International Bank of Comme
Oct 19, 1989 Surety Federal Savings Assoc. El Paso, TX $291.0M Deposit payout
Oct 19, 1989 Peoples Homestead Savings Bank Monroe, LA $268.9M Branch sale
Oct 19, 1989 Seasons Federal Savings Bank Richmond, VA $260.8M Crestar Bank
Oct 19, 1989 Century Bank Phoenix, AZ $120.4M Century Bank
Oct 19, 1989 Beaumont BANK-N.A. Beaumont, TX $29.2M Texas Commerce Bank-Beaumon
Oct 19, 1989 Park Avenue Bank, National Assoc Oklahoma City, OK $17.9M Founders Bank & Trust Compa
Oct 16, 1989 Banc Iowa Federal Savings Bank Cedar Rapids, IA $161.9M Branch sale
Oct 13, 1989 Columbia Federal Homestead Metairie, LA $96.1M Branch sale
Oct 12, 1989 Citizens Bank Galveston, TX $31.3M Bank of Galveston, National
Oct 12, 1989 North Bank, N.A. Oklahoma City, OK $12.4M The Liberty National Bank a
Oct 6, 1989 First Bank Colorado Springs, CO $36.0M Colorado National Bank - Ex
Oct 5, 1989 American Home S & L Edmond, OK $96.7M Founders B&TC
Oct 5, 1989 Commonwealth Bank Arlington, TX $74.9M Comerica Bank - Texas
Oct 5, 1989 Family Savings Bank, FSB Sapulpa, OK $50.9M American NB&T
Oct 5, 1989 The Olla State Bank Olla, LA $23.6M Jonesville Bank & Trust Com
Oct 5, 1989 Strawn Security Bank Strawn, TX $14.4M The First National Bank of
Oct 5, 1989 First National Bank of Vail Vail, CO $3.6M Bank Northwest
Sep 28, 1989 National Bank of Arizona Scottsdale, AZ $15.8M Security Pacific Bank, Nati
Sep 28, 1989 Colorado Savings Bank Sterling, CO $12.3M Colorado FSB
Sep 23, 1989 The Farmers State Bank Lyman, NE $5.7M First National Bank in Morr
Sep 21, 1989 East Texas S & La Association Tyler, TX $362.4M NCNB Texas National Bank
Sep 21, 1989 Plano S & L Assoc. Plano, TX $274.4M First Gibraltar Bank, FSB
Sep 21, 1989 First Fed. S & La of Brenham Brenham, TX $148.4M Kilgore FS&LA
Sep 21, 1989 First Garland Fed. S & L Garland, TX $132.4M Kilgore FS&LA
Sep 21, 1989 Rose Capital Bank Tyler, TX $62.7M First City, Texas-Tyler, N.A.
Sep 14, 1989 First Savings of Laredo Laredo, TX $171.2M Deposit payout
Sep 14, 1989 Medcentre BANK,N.A. San Antonio, TX $27.8M First City, Texas-San Anton
Sep 14, 1989 First Bankers Trust of Bossier City Bossier City, LA $27.1M First American Bank & Trust
Sep 14, 1989 Kirby State Bank Kirby, TX $16.8M Schertz Bank & Trust
Sep 14, 1989 Prairie State Bank Grand Prairie, TX $16.4M Bedford National Bank
Sep 7, 1989 Citizens S & La of Springfield Springfield, IL $89.3M Magna Bank of Springfield
Sep 7, 1989 The Lasalle State Bank Jena, LA $38.8M Jonesville Bank & Trust Com
Sep 7, 1989 Thousand Oaks National Bank San Antonio, TX $30.2M Hibernia National Bank in T
Sep 1, 1989 Liberty Bank Glendale, AZ $32.4M Community Bank of Arizona
Aug 31, 1989 The Burr Oak State Bank Burr Oak, KS $4.4M First National Bank in Mank

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
Jul 1, 1989 Alpena Catholic Credit Union MI Thunder Bay Area Credit Union
Jul 1, 1989 Eltra Die Cast Federal Credit Union IL McHenry County Federal Credit Union
Jul 1, 1989 Galaxy Carpet Mills Fcu GA Comtrust Federal Credit Union
Jul 1, 1989 The Amsterdam State Bank OH Unibank
Jul 1, 1989 Termaco Credit Union NC Carolina Cooperative Federal Credit Union
Jul 1, 1989 West Grand River Community Credit Union MI Route 31 Federal Credit Union
Jul 1, 1989 Ymca Federal Credit Union RI Coastway Community Bank
Jul 1, 1989 Shannon Credit Union TX Qualtrust Credit Union
Jul 1, 1989 Kanawha Union Bank WV United National Bank - Central
Jul 1, 1989 Lincolnway State Bank IL First Bank South
Jul 1, 1989 Hoechst Celanese Employees Federal Credit Union VA Sharonview Federal Credit Union
Jul 1, 1989 DH Holmes Federal Credit Union LA Onpath Federal Credit Union
Jul 1, 1989 Wabash Sylvania Employees Federal Credit Union PA Palco Federal Credit Union
Jul 1, 1989 Bank One, Clintonville, National Association WI First State Bank
Jul 1, 1989 Midlantic National Bank/South NJ (unnamed)
Jul 1, 1989 Ed Med Credit Union NC Summit Credit Union
Jul 1, 1989 Fort Carson National Bank CO Armed Forces Bank, N.A.
Jul 1, 1989 Temporaries Federal Credit Union DC Infirst Federal Credit Union
Jul 1, 1989 The Peoples State Bank of Caro, Michigan MI Chemical Bank Bay Area
Jul 1, 1989 The Cass City State Bank MI Chemical Bank Bay Area
Jul 1, 1989 Sears Atlanta Empl Fcu GA LGE Community Credit Union
Jul 1, 1989 Elk National Bank WV United Bank
Jul 1, 1989 Billings Conoco Credit Union MT Valley Financial Credit Union
Jul 1, 1989 Southpark National Bank of The Quad Cities IL First of America Bank-Quad Cities, National Association
Jul 1, 1989 Ohio Valley National Bank of Vienna WV United Bank
Jul 1, 1989 The First National Bank of Jessup PA First Liberty Bank & Trust
Jul 1, 1989 First South Bank GA Century South Bank of Central Georgia, National Association
Jul 1, 1989 First of America Bank-Mid-Michigan MI First of America Bank - Mid Michigan, National Association
Jul 1, 1989 Midlantic National Bank/Merchants NJ (unnamed)
Jul 1, 1989 Eggers Employees Credit Union WI Riverwood-Maritime Credit Union
Jul 1, 1989 Huron County Bank MI Chemical Bank Bay Area
Jul 1, 1989 Webster County National Bank WV United National Bank - Central
Jul 1, 1989 St. Peter and Paul Parish Credit Union MO 1st City Credit Union
Jul 1, 1989 Eis Employees Credit Union CT Dutch Point Credit Union
Jul 1, 1989 Ocean Products Fcu FL Trax Federal Credit Union
Jul 1, 1989 Ideal Credit Union WV West Virginia Central Federal Credit Union
Jul 1, 1989 Mount Carroll National Bank IL First Bank North
Jul 1, 1989 Wood River Hospital Credit Union IL Midwest Members Credit Union
Jul 1, 1989 Illinois Central East St. Louis Credit Union IL Midwest Members Credit Union
Jul 1, 1989 First National Bank of Freeport IL First Bank North
Jul 1, 1989 Brownbilt Credit Union MO First Missouri Credit Union
Jul 1, 1989 The Polo National Bank IL First Bank South
Jul 1, 1989 First National Bank of Morton IL First of America Bank-Illinois, National Association
Jul 1, 1989 Key Atlantic Bancorp NY KeyCorp
Jul 1, 1989 Granite Bank NH Granite Bank, National Association
Jul 1, 1989 Danco, Inc. IA Valley Bancshares, Inc.
Jul 1, 1989 Lee County Bancorp., Inc. IA Lee Capital Corp.
Jul 1, 1989 Humboldt Investment Corp. IA Bank Iowa Corporation
Jul 1, 1989 Sullivan Community Credit Union MO South Community Credit Union
Jul 1, 1989 Brenton Ins. Ag of Eagle Grove Inc IA Brenton Bank and Trust Company

The list holds 500 of the 971 mergers recorded for 1989.

Enforcement Actions in 1989

Action date Agency Institution Action
Dec 29, 1989 OCC Hamilton Bank, N.A. Civil Money Penalty (CMP): Gonzalez, Joaquin
Dec 28, 1989 OCC_OTS (individual) Supervisory Agreement: First Federal Savings and Loan Association of Cape Cod
Dec 27, 1989 OCC First National Bank of Callaway County Civil Money Penalty (CMP): Cooke, J.F.
Dec 27, 1989 OCC Bank Star One Civil Money Penalty (CMP): Landrum, Roy
Dec 20, 1989 OCC_OTS Banc Iowa Federal Savings Bank Supervisory Agreement: Banc Iowa Savings Bank
Dec 20, 1989 OCC Sam Houston National Bank of Walker County Civil Money Penalty (CMP): Waller, Morris I.
Dec 20, 1989 OCC Sam Houston National Bank of Walker County Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Waller, Morris I.
Dec 20, 1989 OCC_OTS First Federal Savings Bank and Trust Cease and Desist: First Savings Bank and Trust, F.S.B.,
Dec 19, 1989 OCC First Bank N.A. Civil Money Penalty (CMP): Bustamante, John H.
Dec 19, 1989 OCC First Bank N.A. Civil Money Penalty (CMP): Trotter, Lee A.
Dec 19, 1989 OCC_OTS (individual) Orders of Removal/Prohibition: Robert L. Hodges
Dec 15, 1989 OCC_OTS (individual) Supervisory Agreement: Midwest Federal Savings Bank
Dec 12, 1989 OCC First National Bank of Dayton Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Dayton
Dec 11, 1989 OCC Gateway National Bank Formal Agreement: Gateway National Bank
Dec 6, 1989 OCC_OTS Great West, a Federal Savings Bank Cease and Desist: Tom R. Waymire
Dec 6, 1989 OCC_OTS City Savings and Loan Association Orders of Removal/Prohibition: Wayman Thurman
Dec 6, 1989 OCC_OTS (individual) Orders of Removal/Prohibition: Stephanie Shea
Dec 6, 1989 OCC_OTS Executive Banc Savings Association, F.A. Orders of Removal/Prohibition: Lonnie E. Chunn
Dec 6, 1989 OCC_OTS Otero Savings and Loan Association Orders of Removal/Prohibition: James A. Gallagher
Dec 6, 1989 OCC_OTS State Federal Savings Association Cease and Desist: State Federal Savings and Loan Association
Dec 6, 1989 OCC_OTS First Federal Savings Bank Cease and Desist: First Savings Bank, FSB
Dec 5, 1989 OCC_OTS Saratoga Federal Savings and Loan Association Orders of Removal/Prohibition: Donna A. Rodrigues
Dec 5, 1989 OCC_OTS Saratoga Federal Savings and Loan Association Orders of Removal/Prohibition: Jess A. Rodrigues
Dec 1, 1989 OCC Otoe County National Bank and Trust Company Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Otoe County National Bank & …
Dec 1, 1989 OCC The First National Bank of Bowman Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank Of Bowman
Dec 1, 1989 OCC Otoe County National Bank and Trust Company Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Becker, John H.
Dec 1, 1989 OCC The First National Bank of Bayard Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Becker, John H.
Dec 1, 1989 OCC The Park Avenue Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Park Avenue Bank, National Association, The
Nov 27, 1989 OCC The First National Bank of Tipton Civil Money Penalty (CMP): Rackley, Jack
Nov 27, 1989 OCC The First National Bank of Hammon Civil Money Penalty (CMP): Rackley, Jack
Nov 27, 1989 OCC The First National Bank in Hysham Civil Money Penalty (CMP): Manning, Jere
Nov 27, 1989 OCC The First National Bank in Hysham Civil Money Penalty (CMP): Lawrence, John
Nov 27, 1989 OCC The First National Bank of Tipton Civil Money Penalty (CMP): Hudson, John
Nov 27, 1989 OCC The First National Bank in Hysham Civil Money Penalty (CMP): Heberle, Elmer
Nov 27, 1989 OCC The First National Bank in Hysham Civil Money Penalty (CMP): Hansen, H.R.
Nov 27, 1989 OCC The First National Bank in Hysham Civil Money Penalty (CMP): Cunningham, W.D.
Nov 27, 1989 OCC The First National Bank of Hammon Civil Money Penalty (CMP): Baresel, Larry
Nov 27, 1989 OCC The First National Bank of Tipton Prohibition/Removal Orders: Rackley, Jack
Nov 27, 1989 OCC The First National Bank of Hammon Prohibition/Removal Orders: Rackley, Jack
Nov 27, 1989 OCC The First National Bank of Hammon Prohibition/Removal Orders: Hudson, John
Nov 27, 1989 OCC Scottsbluff National Corporation Prohibition/Removal Orders: Hansen, Lavon Ilene
Nov 27, 1989 OCC The First National Bank of Tipton Prohibition/Removal Orders: Baresel, Larry
Nov 21, 1989 OCC_OTS First State Savings Association Supervisory Agreement: First State Savings Association
Nov 20, 1989 OCC_OTS Home Owners Savings Bank FSB Civil Money Penalty: Milo L. Pike
Nov 20, 1989 OCC_OTS First Federal Savings & Loan Association of Valdosta Cease and Desist: Toppy R. Gurley
Nov 15, 1989 OCC_OTS Peoples Federal Savings and Loan Association of Ardmore Supervisory Agreement: Peoples Federal Savings and Loan Association
Nov 13, 1989 OCC Security Bank of Denver, N.A. Civil Money Penalty (CMP): Moll, Marvin W.
Nov 9, 1989 OCC The Patoka National Bank Civil Money Penalty (CMP): Ensor, John A.
Nov 7, 1989 OCC_OTS Signal Savings and Loan Association Orders of Removal/Prohibition: Ronald L. Stiles
Nov 7, 1989 OCC_OTS Enterprise Federal Savings and Loan Association Orders of Removal/Prohibition: Blaine G. McMahon

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