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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
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 15, 1989 Peoples Bank of Lilbourn MO Bank of New Madrid
Dec 15, 1989 Antrim County State Bank MI First of America Bank - Northern Michigan
Dec 15, 1989 First National Bank of Hallettsville TX Victoria Bank & Trust Company - Central
Dec 15, 1989 Cullen Bank Sugar Land TX Cullen Center Bank & Trust
Dec 14, 1989 Montrose Division Federal Credit Union PA Penn East Federal Credit Union
Dec 14, 1989 Dixie Bancshares, Inc. TN Reelfoot Bancshares, Inc.
Dec 14, 1989 1st Security Bank OH Fifth Third Bank, Ohio Valley
Dec 13, 1989 Henry Vogt Employees Credit Union KY L&N Federal Credit Union
Dec 12, 1989 Commercial Bank and Trust Company IN Anderson Banking Company
Dec 12, 1989 Maxon Employees Federal Credit Union IN Thrive Federal Credit Union
Dec 12, 1989 North Country Employees Federal Credit Union NY Adirondack Regional Federal Credit Union
Dec 11, 1989 Mine Mill Federal Credit Union OH Steel Valley Federal Credit Union
Dec 9, 1989 Builders Federal Savings and Loan Association of Rocky Mount NC Raleigh Federal Savings Bank
Dec 8, 1989 Cullen Bank/CityWest, National Association TX Cullen Center Bank & Trust
Dec 8, 1989 Alliance Financial Corporation MI Comerica Incorporated
Dec 8, 1989 Dearborn Bank and Trust Company MI Comerica Bank
Dec 8, 1989 (unnamed) — Huntington Banks of Michigan
Dec 6, 1989 Baltimore Federal Savings Employees Federal Credit Union MD Atlantic Financial Federal Credit Union
Dec 6, 1989 Community Concern #13 Federal Credit Union PA Philadelphia Federal Credit Union
Dec 4, 1989 Honeywell Bull Credit Union MA Metro Credit Union
Dec 2, 1989 American Savings Bank WA Bank of America NW, National Association
Dec 2, 1989 First Galena Bancshares, Inc. IL Nwib Acquisition Corporation
Dec 1, 1989 Valley Utah Bancorporation UT Banc One Arizona Corporation
Dec 1, 1989 Vanguard Banks FL Synovus Financial Corp.
Dec 1, 1989 Concord Savings Bank, Federal Savings Bank MD Washington Federal Savings Bank
Dec 1, 1989 Early Financial Bancshares, Inc. TX Texasbanc Holding Co.
Dec 1, 1989 National Commerce Corporation MS United Southern Corporation
Dec 1, 1989 Howard Bancorp VT Banknorth Group, Inc.
Dec 1, 1989 Banknorth Group, Inc. VT Banknorth Group, Inc.
Dec 1, 1989 Farmers Property Co Inc IL Farmers National Bancorp, Inc.
Dec 1, 1989 First Ohio Bancshares, Inc. OH Fifth Third Bancorp
Dec 1, 1989 Western Commercial, Inc. CA Vallicorp Holdings, Inc.
Dec 1, 1989 Fresno Bancorp CA Vallicorp Holdings, Inc.
Dec 1, 1989 Church of the Brethren Federal Credit Union CA First City Credit Union
Dec 1, 1989 Farmers State Bank & Trust Company TX Victoria Bank & Trust Company - Central
Dec 1, 1989 Mautz Employees Credit Union WI Heartland Credit Union
Dec 1, 1989 Amsco Employees Credit Union KY Transcend Credit Union
Dec 1, 1989 Fresno Bank of Commerce CA Valliwide Bank
Dec 1, 1989 The O'Neill National Bank NE Pinnacle Bank
Dec 1, 1989 Hussey Employees Federal Credit Union ME York County Federal Credit Union
Dec 1, 1989 G&G Federal Credit Union VA United Southeast Federal Credit Union
Dec 1, 1989 Immaculate Heart of Mary Credit Union WI Members First Credit Union
Dec 1, 1989 Bell Employees Credit Union WI Verve a Credit Union
Dec 1, 1989 Sag Harbor Savings Bank NY Apple Bank
Dec 1, 1989 American Bank of St. Louis County MO American Bank of St. Louis
Dec 1, 1989 Macomb County Bank MI First State Bank
Dec 1, 1989 Smiley State Bank TX Victoria Bank & Trust Company - Central
Dec 1, 1989 Summit Bank of Johnson County IN Summit Bank of Indianapolis
Dec 1, 1989 Sequoia Central Credit Union CA The Golden 1 Credit Union
Dec 1, 1989 Home State Bank 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

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