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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
Oct 1, 1989 Texas Eastern Credit Union TX Membersource Credit Union
Oct 1, 1989 The First National Bank of Hancock NY NBT Bank, N.A.
Oct 1, 1989 The Fulton County National Bank and Trust Company NY NBT Bank, N.A.
Oct 1, 1989 Steel Lec Federal Credit Union PA Tri-Valley Services Federal Credit Union
Oct 1, 1989 Pearl River Public Empl Cu MS Credit Union South
Oct 1, 1989 University & State Employees Credit Union of Santa Barbara CA The Golden 1 Credit Union
Oct 1, 1989 MetroBanc, National Association MI Comerica Bank National Association
Oct 1, 1989 (unnamed) — Fleet Bank-NH
Oct 1, 1989 Comerica Bank-Grand Rapids, National Association MI Comerica Bank National Association
Oct 1, 1989 Indian Head National Bank of Keene NH Fleet Bank-NH
Oct 1, 1989 First State Bank of McLaughlin SD First National Bank
Oct 1, 1989 Western District Credit Union UT Eastern Utah Community Credit Union
Oct 1, 1989 Sacramento Columbian Credit Union CA S a F E Credit Union
Oct 1, 1989 The Bank of Lake Placid NY NBT Bank, N.A.
Oct 1, 1989 Sheet Metal Workers Credit Union MN SMW Financial Credit Union
Oct 1, 1989 AmeriBank of Oldsmar FL Ameribank
Oct 1, 1989 Allegheny JWV Federal Credit Union PA Tri Boro Federal Credit Union
Oct 1, 1989 Dartmouth National Bank NH Fleet Bank-NH
Oct 1, 1989 Band Instrument Federal Credit Union IN Inova Federal Credit Union
Oct 1, 1989 Indian Head Bank North NH Fleet Bank-NH
Oct 1, 1989 Hyde Park Cooperative Federal Credit Union IL Vicinity Credit Union
Oct 1, 1989 Gas Light Federal Credit Union IN Sterling United Federal Credit Union
Oct 1, 1989 Hayes National Bank NY NBT Bank, N.A.
Oct 1, 1989 Rising Sun State Bank IN The Madison Bank and Trust Company
Oct 1, 1989 MVC Cu MS MSTC Federal Credit Union
Oct 1, 1989 Teamsters Local 830 Federal Credit Union PA Sun East Federal Credit Union
Oct 1, 1989 Sunnyside Financial Community Credit Union WI Southern Lakes Credit Union
Sep 30, 1989 The Citizens National Bank of Bedford IN NBD Bank, National Association
Sep 30, 1989 Credit Union 1 of Salina KS Great Plains Federal Credit Union
Sep 30, 1989 Community First Minnesota Bankshares, Inc. ND Community First Bankshares, Inc.
Sep 30, 1989 S B H Corp. IL Pinnacle Banc Group, Inc.
Sep 30, 1989 Citizens Bancshares Corporation IN INB Financial Corporation
Sep 30, 1989 Florida Community Banks, Inc. FL Southtrust of Northwest Florida, Inc.
Sep 30, 1989 Florida Central Banks, Inc. FL Southtrust of Northwest Florida, Inc.
Sep 30, 1989 C.R.N.B.SHARES, Inc. WV First Community Bancshares Inc
Sep 30, 1989 Cherry River National Bank of Richwood WV (unnamed)
Sep 30, 1989 CSL Savings Bank OH Diamond Savings and Loan Company
Sep 30, 1989 Sanese Credit Union, Inc. OH Wright-Patt Credit Union, Inc.
Sep 30, 1989 P F W Federal Credit Union CA San Diego County Credit Union
Sep 30, 1989 Shorter A.M.E. Federal Credit Union CO Space Age Credit Union
Sep 30, 1989 Pioneer Bancorporation, Inc. CO United Banks of Colorado Inc.
Sep 30, 1989 Bank of Washington County FL sSouthTrust Bank of Northwest Florida
Sep 30, 1989 First Bank of Holmes County FL sSouthTrust Bank of Northwest Florida
Sep 29, 1989 United Data Services Incorporated PA Integra Financial Corporation
Sep 29, 1989 Comanche Bancshares, Inc. KS Gold Banc Corporation, Inc.
Sep 29, 1989 Globe Financial Services, Inc. MA Capitol Bank and Trust Company
Sep 29, 1989 Oketo Banc Shares, Inc. KS Gold Banc Corporation, Inc.
Sep 27, 1989 Williston Realty Company ND American State Bank & Trust Company of Williston
Sep 27, 1989 Local 73 Credit Union IL Vicinity Credit Union
Sep 23, 1989 Davis County Bank UT Wells Fargo 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

Browse adjacent years: 1988 · 1990

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