Skip to main content

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
Jul 20, 1989 Commonwealth Federal S & L Fort Lauderdale, FL $1.58B Branch sale
Jul 20, 1989 Texas American Bank/Galleria, N.A. Houston, TX $289.6M Texas American Bridge Bank
Jul 20, 1989 New Mexico FSA Albuquerque, NM $240.7M First NB in Albuquerque
Jul 20, 1989 Texas American Bank/Dallas, N.A. Dallas, TX $229.7M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Amarillo, N.A. Amarillo, TX $218.2M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Duncanville Duncanville, TX $213.4M Texas American Bridge Bank
Jul 20, 1989 Home Federal S & L Assoc. Memphis, TN $204.3M First Commercial BK at Memp
Jul 20, 1989 Texas American Bank/Levelland Levelland, TX $195.0M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/McKinney, N.A. McKinney, TX $175.7M Texas American Bridge Bank
Jul 20, 1989 Utica National Bank & Trust Comp Tulsa, OK $165.0M The F & M Bank & Trust Comp
Jul 20, 1989 Texas American Bank/Tyler, N.A. Tyler, TX $153.8M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Fredericksburg Fredericksburg, TX $139.1M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Denison, N.A. Denison, TX $137.0M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Midland, N.A. Midland, TX $135.2M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Austin, N.A. Austin, TX $127.1M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Longview, N.A. Longview, TX $90.1M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Breckenridge Breckenridge, TX $82.0M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Temple, N.A. Temple, TX $68.0M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Wichita Falls Wichita Falls, TX $65.0M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/LBJ, N.A. Dallas, TX $62.8M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Forum, N.A. Arlington, TX $62.6M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Prestonwood, Dallas, TX $49.8M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Farmers Branch Farmers Branch, TX $48.4M Texas American Bridge Bank
Jul 20, 1989 Peoples S & L Assoc. Streator, IL $46.3M Branch sale
Jul 20, 1989 Texas American Bank/Richardson Richardson, TX $44.5M Texas American Bridge Bank
Jul 20, 1989 Sierra S & L Assoc. Beverly Hills, CA $40.7M Sun SB, FSB
Jul 20, 1989 Texas American Bank/Southwest, N.A. Stafford, TX $36.0M Texas American Bridge Bank
Jul 20, 1989 Fallbrook National Bank Houston, TX $36.0M Charter National Bank - Col
Jul 20, 1989 Texas American Bank/Plano, N.A. Plano, TX $34.8M Texas American Bridge Bank
Jul 20, 1989 Texas American Bank/Greater South Grand Prairie, TX $32.7M Texas American Bridge Bank
Jul 20, 1989 American Interstate Sa Los Angeles, CA $24.9M Deposit payout
Jul 20, 1989 Parish Federal S & L Assoc. Denham Springs, LA $14.7M Deposit payout
Jul 14, 1989 Independent Bank, National Assoc Coppell, TX $34.7M Metropolitan National Bank
Jul 13, 1989 First Savings & Loan Waco, TX $373.7M Kilgore FS&LA
Jul 13, 1989 Cornerstone Federal Savings Houston, TX $112.4M Great Southwest Savings, F.A.
Jul 13, 1989 Pioneer Savings F.A. Plymouth, IN $81.0M Ameritrust NB
Jul 13, 1989 National Bank of Commerce of Brownsville Brownsville, TX $34.7M Texas Commerce Bank Rio Gra
Jul 13, 1989 Cross Roads S & La Checotah, OK $16.8M Peoples NB
Jul 13, 1989 The Sterlington Bank Sterlington, LA $15.2M Bank of St. Joseph & Trust
Jul 13, 1989 Bennett National Bank Bennett, CO $8.3M The First National Bank of
Jul 5, 1989 102 Valley Bank Hopkins, MO $5.0M The Nodaway Valley Bank
Jun 30, 1989 First National Bank of Richardson Richardson, TX $44.5M Deposit Guaranty Bank
Jun 30, 1989 Independent Bank-East, National Rockwall, TX $40.6M American National Bank of T
Jun 29, 1989 Victoria Sa San Antonio, TX $882.8M Branch sale
Jun 29, 1989 Missouri Savings Association Clayton, MO $661.1M Mercantile Bank of St. Loui
Jun 29, 1989 First Fed. S & L Assoc. Bakersfield, CA $126.4M Bank of America Ntsa
Jun 29, 1989 Mid Missouri S & L Assoc. Boonville, MO $76.7M United S&LA
Jun 29, 1989 Amerimac Savings Bank, FS Hillsboro, IL $29.6M Security SB, FSB
Jun 29, 1989 The Guardian Fed. S & L Assoc. Bakersfield, CA $29.4M Bank of America Ntsa
Jun 29, 1989 Peoples S & L Assoc. Hampton, VA $23.9M Consolidated B&TC

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 31, 1989 Landmark SVG BK SSB LA Oak Tree Federal Savings Bank
Dec 31, 1989 SCN Leasing Corporation SC Wachovia Bank of South Carolina, National Association
Dec 31, 1989 First Bank of America, Inc. IN First National Bankshares, Inc
Dec 31, 1989 Jayhawk Wildcatters KS Berco, Inc.
Dec 31, 1989 Central Bancorporation, Inc. MN Minnesota Bancshares, Inc.
Dec 31, 1989 First Continental Leasing Corporation MS Cadence Bank
Dec 31, 1989 UBS Holding Company, Inc. WV United Bankshares, Inc.
Dec 31, 1989 SCN Mortgage Corporation SC Wachovia Bank of South Carolina, National Association
Dec 31, 1989 Potwin Financial Corporation KS Emprise Financial Corporation
Dec 31, 1989 K & B Producers, Inc. KS Emprise Financial Corporation
Dec 31, 1989 Council Grove Banc Shares, Inc. KS Emprise Financial Corporation
Dec 31, 1989 Peoples State Bank IA Peoples National Bank
Dec 31, 1989 Columbus Savings, a Federal Savings and Loan Association CA Homefed Bank, Federal Association
Dec 31, 1989 The Security State Bank of Commerce TX Provident Bank - Dallas
Dec 31, 1989 C F C O Federal Credit Union CO Consolidated Federal Credit Union
Dec 31, 1989 De Soto State Bank TX Provident Bank - Dallas
Dec 31, 1989 Provident Bank-Denton TX Provident Bank - Dallas
Dec 31, 1989 First State Bank TX Provident Bank - Dallas
Dec 31, 1989 Heritage Federal Savings and Loan Association IL Chester National Bank
Dec 31, 1989 Treasure Valley Teachers State Credit Union ID Capital Educators Federal Credit Union
Dec 31, 1989 Blue Earth State Bank MN Midamerica Bank South
Dec 31, 1989 Chester Self Reliance Federal Credit Union PA Sun East Federal Credit Union
Dec 31, 1989 Carpenters 104 Federal Credit Union OH Heartland Federal Credit Union
Dec 30, 1989 Dukedom Bank TN Reelfoot Bank
Dec 30, 1989 Key Advisory Services, Inc. NY Key Bancshares of New York Inc.
Dec 30, 1989 City Bancshares, Inc. MO UMB Financial Corporation
Dec 30, 1989 Old Kent Bank-Northwest IL Old Kent Bank, National Association
Dec 30, 1989 Summit Bank of Hamilton County IN Summit Bank of Indianapolis
Dec 30, 1989 Southeast Bank for Savings, A FSB FL Southeast Bank, N.A.
Dec 30, 1989 Southeast Bank of Gainesville FL Southeast Bank, N.A.
Dec 30, 1989 Barbers Local 651 Federal Credit Union LA Wesla Federal Credit Union
Dec 30, 1989 Hanover Bank of Florida FL North Ridge Bank
Dec 29, 1989 Mid-Cities National Bank CA Huntington National Bank
Dec 29, 1989 NS Realty Investments of Florida, Inc. NC Barclays Bank of North Carolina
Dec 29, 1989 Barclays Bank of North Carolina-Colorado, Inc. NC Barclays Bank of North Carolina
Dec 29, 1989 First Banc Securities Inc WV Huntington Bancshares West Virginia, Inc.
Dec 29, 1989 Plano National Bank TX Promenade National Bank
Dec 22, 1989 Southwest Financial Corporation KS Fourth Financial Corporation
Dec 20, 1989 MBC Mortgage Company CA Modesto Banking Company
Dec 18, 1989 Blackstone Valley Credit Union MA Webster First Federal Credit Union
Dec 17, 1989 Ameritrust Bank, Morgan County IN Ameritrust National Bank, Central Indiana
Dec 16, 1989 The First National Bank of Villa Grove IL Villa Grove State Bank
Dec 16, 1989 Jefferson National Bank FL Jefferson Bank of Florida
Dec 16, 1989 Northshore Credit Union MA Central One Federal Credit Union
Dec 16, 1989 Irving Trust Company California CA The Bank of New York Mellon Trust Company, N.A.
Dec 16, 1989 Western Greenbrier National Bank WV Greenbrier Valley National Bank
Dec 15, 1989 The First National Bank of Schulenburg TX Victoria Bank & Trust Company - Central
Dec 15, 1989 Rli Credit Union TX Neighborhood Credit Union
Dec 15, 1989 The First National Bank of Nordheim TX Victoria Bank & Trust Company - Central
Dec 15, 1989 Bank of Karnes County TX Victoria Bank & Trust Company - Central

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