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
Dec 1, 1989	Columbian Savings and Loan Association	IL	First Community Bank, National Association
Dec 1, 1989	(unnamed)	—	KeyBank National Association
Dec 1, 1989	Honeywell West Coast Federal Credit Union	CA	Kinecta Federal Credit Union
Dec 1, 1989	Sioux Falls Milwaukee Employees Federal Credit Union	SD	Bluestone Federal Credit Union
Dec 1, 1989	First Federal Savings and Loan Association of North Carolina	NC	Raleigh Federal Savings Bank
Dec 1, 1989	Union Boulevard National Bank	KS	Commerce Bank, National Association
Dec 1, 1989	Angleton Bank of Commerce	TX	Victoria Bank & Trust Company - Central
Dec 1, 1989	Bell and Howell Employees Credit Union	IL	Sherwin Williams Employees Credit Union
Dec 1, 1989	Bank of Oklahoma, Mercantile Center	OK	BOKF, N.A.
Dec 1, 1989	The Citizens State Bank of Greenville, Ohio	OH	(unnamed)
Dec 1, 1989	U C U Council Credit Union	IL	Archer Heights Credit Union
Dec 1, 1989	Lyndon Guaranty Bank of Ohio	OH	Heartland Bank
Dec 1, 1989	American National Bank	TX	Victoria Bank & Trust Company - Central
Nov 30, 1989	Golden Crescent Credit Union, Inc.	OH	Lormet Community Federal Credit Union
Nov 30, 1989	Zapp Bank Plaza Partnership II	MN	Zappco, Inc.
Nov 30, 1989	West-Co Federal Credit Union	CA	Foothill Federal Credit Union
Nov 30, 1989	Grainmillers Credit Union	KS	Salina Railroad Credit Union
Nov 30, 1989	Webster Building & Loan Association	PA	Tioga-Franklin Savings Bank
Nov 29, 1989	Alcobar Federal Credit Union	PA	Omega Federal Credit Union
Nov 29, 1989	Weaver Employee Credit Union	PA	Citadel Federal Credit Union
Nov 28, 1989	National Bank of Commerce	TX	First National Bank
Nov 27, 1989	Colonial Bank	AL	Colonial Bank
Nov 22, 1989	First of Omaha Savings Co.	NE	First National Bank of Omaha
Nov 22, 1989	The Plains Corporation	TX	The Plains Corporation
Nov 21, 1989	Citizens, Inc.	MN	Flagship Financial Group, Inc.
Nov 20, 1989	First Wisconsin South West Bank of Sheboygan	WI	Firstar Bank Sheboygan, National Association
Nov 20, 1989	Lawrence State Bank	NE	Security National Bank of Superior
Nov 19, 1989	Peoples Savings Bank, FSB	MI	Standard Federal Bank
Nov 18, 1989	Federal Reserve Bank Employees Credit Union	MN	Topline Financial Credit Union
Nov 18, 1989	Bank One, Waukesha	WI	Bank One, Wisconsin
Nov 18, 1989	Ameritrust National Bank, Hamilton County	IN	Ameritrust National Bank, Central Indiana
Nov 17, 1989	First State Bank of Poteet	TX	Victoria Bank & Trust Company - West
Nov 17, 1989	First National Bank in Pleasanton	TX	Victoria Bank & Trust Company - West
Nov 17, 1989	Cibolo State Bank	TX	Victoria Bank & Trust Company - West
Nov 17, 1989	Cullen Bank Northfield, National Association	TX	Cullen Center Bank & Trust
Nov 17, 1989	Stanley-Proto Federal Credit Union	OR	Ibew & United Workers Federal Credit Union
Nov 17, 1989	Hays County National Bank	TX	Victoria Bank & Trust Company - West
Nov 13, 1989	Bank of the Midlands	NE	Pinnacle Bank
Nov 11, 1989	Sovran Bank/Eastern	TN	NationsBank of Tennessee, National Association
Nov 10, 1989	Labanco, Inc.	NE	United Nebraska Financial Co.
Nov 10, 1989	Kingsville Bank and Trust Company, National Association	TX	Victoria Bank & Trust Company - Central
Nov 10, 1989	Hackensack Hospital Employees Federal Credit Union	NJ	Greater Alliance Federal Credit Union
Nov 10, 1989	The First State Bank of Taft	TX	Victoria Bank & Trust Company - Central
Nov 10, 1989	Investors Bank & Trust	GA	Barnett Bank of Atlanta
Nov 10, 1989	Bank of Burwell	NE	United Nebraska Bank
Nov 10, 1989	Citizens State Bank of Bastrop	TX	Victoria Bank & Trust Company - Central
Nov 10, 1989	The Nolte National Bank of Seguin	TX	Victoria Bank & Trust Company - Central
Nov 10, 1989	Investors Trust Financial Corporation	GA	First City Bancorp, Inc.
Nov 7, 1989	Olean MC Graw-Edison PSD Empl Federal Credit Union	NY	High Point Federal Credit Union
Nov 6, 1989	Irving Trust Company Florida	FL	The Bank of New York Trust Company, N.A.

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

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