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
Mar 28, 1989	Mbank Dallas, N.A.	Dallas, TX	$6.56B	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Houston, National Assoc	Houston, TX	$3.31B	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Alamo, N.A.	San Antonio, TX	$784.9M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Fort Worth, National Assoc	Fort Worth, TX	$749.1M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Austin, N.A.	Austin, TX	$642.0M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Wichita Falls, National Assoc	Wichita Falls, TX	$484.8M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Midcities, National Assoc	Arlington, TX	$358.0M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Jefferson County, N.A.	Port Arthur, TX	$330.9M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Odessa, National Assoc	Odessa, TX	$317.6M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Sherman, National Assoc	Sherman, TX	$282.0M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Longview, National Assoc	Longview, TX	$265.0M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Denton County, National Assoc	Lewisville, TX	$220.1M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Marshall, National Assoc	Marshall, TX	$210.3M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Abilene, N.A.	Abilene, TX	$199.0M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Corsicana, N.A.	Corsicana, TX	$165.1M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Round Rock, National Assoc	Round Rock, TX	$164.6M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank the Woodlands, National Assoc	The Woodlands, TX	$160.1M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Greenville, National Assoc	Greenville, TX	$153.3M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Orange, National Assoc	Orange, TX	$149.8M	Bank One, Texas, N.A.
Mar 28, 1989	Mbank Brenham, N.A.	Brenham, TX	$140.3M	Bank One, Texas, N.A.
Mar 23, 1989	Industrial Bank	Houston, TX	$64.8M	Metrobank, National Associa
Mar 23, 1989	First Bank of Rowlett	Rowlett, TX	$35.6M	Deposit Guaranty Bank
Mar 23, 1989	First State Bank	Rogers, TX	$9.0M	The Buckholts State Bank
Mar 17, 1989	Enterprise Bank of Florida	Miami Lakes, FL	$28.0M	Eastern National Bank
Mar 16, 1989	Skokie FS & La	Skokie, IL	$1.00B	Affiliated BANK/NO. Shore N
Mar 16, 1989	Continental FS & La	Oklahoma City, OK	$645.1M	Branch sale
Mar 16, 1989	Royal Palm Savings Bank	West Palm Beach, FL	$564.0M	Barnett Bank of Palm Beach
Mar 16, 1989	Fidelity S & La	Port Arthur, TX	$312.5M	Kilgore FS&LA
Mar 16, 1989	Meritbanc Savings Association	Houston, TX	$272.1M	Kilgore FS&LA
Mar 16, 1989	Lincoln S & La	Miami, FL	$260.6M	Barnett Bank of South FL
Mar 16, 1989	Security Savings Association	Texarkana, TX	$236.3M	Deposit payout
Mar 16, 1989	First Fed. S & L of the Florida Keys	Key West, FL	$219.9M	Barnett Bank of the Keys
Mar 16, 1989	First Fed. S & L Assoc.	Shreveport, LA	$196.5M	Deposit payout
Mar 16, 1989	Spindletop Sa	Beaumont, TX	$180.5M	First City Bank, N.A.
Mar 16, 1989	Miami Savings Bank	Miami, FL	$176.6M	Republic NB of Miami
Mar 16, 1989	The Duncan S & L Assoc.	Duncan, OK	$148.6M	Local FB, FSB
Mar 16, 1989	Financial Security S & L Assoc.	Delray Beach, FL	$142.3M	Essex SB, FSB
Mar 16, 1989	Home Savings Fsla	Joliet, IL	$140.6M	First Midwest Bank/Il, N.A.
Mar 16, 1989	Jasper FS & La	Jasper, TX	$135.6M	Deposit payout
Mar 16, 1989	Madison County Fed. S & L Assoc.	Granite City, IL	$132.2M	First Bank of Illinois
Mar 16, 1989	Midwest Home FSB	Belleville, IL	$123.6M	UMB First NB
Mar 16, 1989	Jefferson S & L Assoc.	Beaumont, TX	$119.1M	Kilgore FS&LA
Mar 16, 1989	Midwestern Sa	Macomb, IL	$110.7M	Union NB of Macomb
Mar 16, 1989	Livingston Bank	Denham Springs, LA	$106.2M	Hibernia National Bank
Mar 16, 1989	Acadia Savings & Loan	Crowley, LA	$89.7M	Iberia SB, SSB
Mar 16, 1989	Illinois Savings Bank	Peoria, IL	$78.0M	Heart of Il Bank, FSB
Mar 16, 1989	General Savings Assoc.	Henderson, TX	$74.6M	Citizens NB of Henderson
Mar 16, 1989	American Security FS & La	Chicago, IL	$67.2M	Marquette NB
Mar 16, 1989	First Fed. S & L Assoc.	New Iberia, LA	$64.3M	Iberia SB, SSB
Mar 16, 1989	Savings of Texas Assoc.	Jacksonville, TX	$63.6M	Deposit payout

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
Nov 4, 1989	Bank One, Mequon	WI	Bank One, Wisconsin
Nov 4, 1989	Continental Illinois Holding Corporation	IL	Continental Bank Corporation
Nov 4, 1989	Ontario Savings and Loan Association	CA	Union Federal Bank, a Federal Savings Bank
Nov 4, 1989	Community Bank of Creswell	OR	Siuslaw Bank
Nov 3, 1989	I P T C Employees Credit Union	IN	Indiana Members Credit Union
Nov 3, 1989	State Bank of St. Joseph	IL	Busey Bank
Nov 3, 1989	First of America Bank - Gogebic, National Association	MI	First of America Bank-Upper Peninsula, National Association
Nov 2, 1989	Midwest Financial Group, Inc.	IL	First of America Bancorporation-Illinois, Inc.
Nov 1, 1989	Miller-Rellim Redwood Employees Credit Union	CA	Coast Central Credit Union
Nov 1, 1989	Central Financial Group, Inc.	IL	Banc One Illinois Corporation
Nov 1, 1989	Landmark Bank of Branson	MO	Union Planters Bank of Southwest Missouri
Nov 1, 1989	Mendota Credit Union	WI	Heritage Credit Union
Nov 1, 1989	Lincoln/MSC Postal Employees Credit Union	NE	Spirit of America Federal Credit Union
Nov 1, 1989	Warner Center Credit Union	CA	Fiscal Credit Union
Nov 1, 1989	Employees Credit Union Swift & Company Los Angeles	CA	Credit Union of Southern California, a Federal Credit Union
Nov 1, 1989	American National Bank - Corpus Christi	TX	American Bank, National Association
Nov 1, 1989	Mercy Center Federal Credit Union	IL	Healthcare Associates Credit Union
Nov 1, 1989	Landmark Bank of Springfield	MO	Union Planters Bank of Southwest Missouri
Nov 1, 1989	American Bank and Trust Company	NC	Southern National Bank of North Carolina
Nov 1, 1989	Patrons Credit Union	KS	Kansas Teachers Community Credit Union
Nov 1, 1989	The Nodaway Valley National Bank of Villisca	IA	Bank Iowa
Nov 1, 1989	SNC Employees Federal Credit Union	PA	1st Choice Community Federal Credit Union
Nov 1, 1989	Community National Bank	TX	First State Bank
Nov 1, 1989	Community State Bank of Fowlerville	MI	NBD Commerce Bank
Oct 31, 1989	Campus Corner Development Company	WA	KeyBank National Association
Oct 31, 1989	Rutland Development Corporation	WA	KeyBank National Association
Oct 31, 1989	Federal Way Realty Investors, Inc.	WA	KeyBank National Association
Oct 31, 1989	Associates Federal Savings and Loan Association	CA	Granite Bank, Federal Savings Bank
Oct 31, 1989	CCNB Bancshares Corporation	MO	Landmark Acquisition Corporation
Oct 31, 1989	Honolulu Roofing Federal Credit Union	HI	Hawaii Federal Credit Union
Oct 30, 1989	Standish Community Credit Union	MI	North Central Area Credit Union
Oct 28, 1989	Fayetteville First Federal Savings and Loan Association	TN	First American Federal Savings and Loan Association
Oct 28, 1989	Rock County Savings and Trust Company	WI	Johnson Bank, National Association
Oct 27, 1989	American Bank	VA	Jefferson National Bank/Tidewater
Oct 27, 1989	Fair Oaks National Bank	TX	Frost Bank
Oct 27, 1989	First National Bank	TX	Frost Bank
Oct 26, 1989	The Jackson County State Bank	TX	Norwest Bank Texas, South Central
Oct 26, 1989	Bank of Commerce Calhoun County	TX	Norwest Bank Texas, South Central
Oct 24, 1989	Mutual Federal Savings and Loan Association	IN	Household Bank, F.S.B.
Oct 23, 1989	Wabash County School Employees Federal Credit Union	IN	Beacon Credit Union
Oct 20, 1989	Southwest Bank	CA	(unnamed)
Oct 19, 1989	Pelican Bancshares, Inc.	MN	International Bancorporation, Inc.
Oct 14, 1989	Bank of Oklahoma, Southwest Tulsa	OK	BOKF, N.A.
Oct 14, 1989	Security Bancshares, Incorporated	LA	First Capital Bancorp, Inc.
Oct 14, 1989	Bank of Oklahoma, Broken Arrow, National Association	OK	BOKF, N.A.
Oct 14, 1989	Security Bank, Monroe, Louisiana	LA	Capital Bank
Oct 14, 1989	Bank of Oklahoma, Lewis Center	OK	BOKF, N.A.
Oct 14, 1989	Bank of Oklahoma, City Plaza	OK	BOKF, N.A.
Oct 10, 1989	Virginia Beach Federal Credit Union	VA	Navy Federal Credit Union
Oct 7, 1989	Lake Shore K C Federal Credit Union	MI	Eastside Family Federal Credit Union

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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