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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
Jun 29, 1989 New Ulm State Bank New Ulm, TX $12.0M Industry State Bank
Jun 29, 1989 Hobby Community Bank Houston, TX $8.0M Iola State Bank
Jun 22, 1989 Great Southern Federal Savings Savannah, GA $880.2M First Wachovia
Jun 22, 1989 Habersham Federal Sa Cornelia, GA $93.3M First Commerce Bank
Jun 22, 1989 First Fed. S & L Assoc. Americus, GA $54.4M Sumter Bank & Trust
Jun 22, 1989 Preston North National Bank Dallas, TX $6.5M Sequor National Bank Texas
Jun 21, 1989 Guardian Bank, N.A. Hempstead, NY $409.4M —
Jun 15, 1989 Helotes State Bank Helotes, TX $21.3M Bank of Leon Springs
Jun 15, 1989 Capital Bank-Northwest, National San Antonio, TX $16.0M McMullen County State Bank
Jun 15, 1989 Northern Bank & Trust Fort Collins, CO $6.9M Union Colony Bank
Jun 14, 1989 Western Savings & Loan Phoenix, AZ $5.65B Bank of America, Az
Jun 14, 1989 Sun State Savings & Loan Phoenix, AZ $1.05B Bank of America, Az
Jun 9, 1989 Treasure State Bank Glasgow, MT $14.6M Valley Bank of Glasgow
Jun 8, 1989 Horizon Financial, F.A. Southampton, PA $2.49B Branch sale
Jun 8, 1989 Civic Savings Bank Portsmouth, OH $98.7M Branch sale
Jun 8, 1989 First American Bank San Antonio, TX $13.3M Jourdanton State Bank
Jun 8, 1989 Fulshear State Bank Fulshear, TX $10.7M —
Jun 8, 1989 Lake Country National Bank Burnet, TX $7.5M Lake Buchanan State Bank
May 31, 1989 The First State Bank Forgan, OK $11.7M The Bank of Beaver City
May 25, 1989 Liberty National Bank Dallas, TX $67.5M Cornerstone Bank, National
May 24, 1989 Commerce and Energy Bank Lafayette, LA $29.5M Midsouth National Bank
May 24, 1989 First Eastern Bank & Trust Company New Orleans, LA $29.4M Peoples Bank & Trust Compan
May 24, 1989 Bank of Aurora Aurora, CO $6.9M —
May 19, 1989 Grand Canyon State Bank Scottsdale, AZ $14.6M Bank of Fountain Hills
May 18, 1989 Security Bank & Trust Company Wharton, TX $34.8M The First National Bank of
May 18, 1989 First National Bank at Oswego Oswego, KS $24.0M Parsons Commercial Bank
May 18, 1989 The First National Bank of Gordon Gordon, TX $10.9M The First National Bank of
May 18, 1989 The Bank of Edmond, National Assoc Edmond, OK $8.1M First Interstate of Oklahom
May 12, 1989 Lewis County Savings and Loan Co Weston, WV $4.0M Community Bank & Trust, Nat
May 11, 1989 Lexington State Bank Lexington, TX $13.8M Central Bank of Houston
May 4, 1989 Katy National Bank Katy, TX $52.0M First Bank
May 4, 1989 First National Bank of East Baton Rouge Baton Rouge, LA $28.3M The First National Bank in
May 4, 1989 Greater Texas Bank Leander Leander, TX $20.6M Hill Country Bank
Apr 27, 1989 Southwest Federal Savings Assoc. Los Angeles, CA $896.8M Bank of America, N.A.
Apr 27, 1989 Westco Savings Bank, FSB Wilmington, CA $188.3M Frontier Bank, N.A.
Apr 27, 1989 Metropolitan Fed. S & L Assoc. Denville, NJ $168.2M Collective FSB
Apr 27, 1989 Seabank Fed. Savings Bank Myrtle Beach, SC $35.4M First Citizens B&TC of SC
Apr 27, 1989 Bank of Lakewood, National Assoc Lakewood, CO $9.7M Bank of Lakewood
Apr 27, 1989 Seminole National Bank Hollywood, FL $6.6M Family Bank of Hallandale
Apr 21, 1989 Alliance Bank Anchorage, AK $779.0M National Bank of Alaska
Apr 20, 1989 Travis Bank and Trust Austin, TX $53.9M Union National Bank of Texa
Apr 20, 1989 Continental National Bank San Antonio, TX $12.2M Citizens State Bank of Luli
Apr 20, 1989 First State Bank Deanville, TX $9.4M Citizens State Bank
Apr 14, 1989 Lincoln Savings & Loan Irvine, CA $4.86B Great Western Bank, FSB
Apr 13, 1989 Allied Oklahoma Bank, National Assoc Oklahoma City, OK $58.3M Central Bank of Oklahoma Ci
Apr 12, 1989 The Commonwealth Bank Bellaire, TX $65.8M Park National Bank of Houst
Apr 6, 1989 American FS & La of Colorado Colorado Springs, CO $720.4M World S&LA
Apr 6, 1989 Resource Sa Denison, TX $616.1M Deposit payout
Apr 6, 1989 Independence S & L Assoc. Vallejo, CA $440.0M Bay View FS&LA
Apr 6, 1989 First Fed. S & L of Southeast Mo. Cape Girardeau, MO $385.1M Cape CTY Bank of Cape Girar

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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