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 16, 1989	River City Federal Savings	Baton Rouge, LA	$61.2M	Hibernia NB
Mar 16, 1989	Timberland FSA	Nacogdoches, TX	$60.3M	Citizens Bank
Mar 16, 1989	Liberty Federal Savings	New Port Richey, FL	$60.1M	Citizens & Southern NB FL
Mar 16, 1989	First Venice S & La	Venice, FL	$58.6M	NBD Florida, FSB
Mar 16, 1989	Deep East Texas Sa	Jasper, TX	$53.6M	Community Bank
Mar 16, 1989	Chillicothe Fed. S & L Assoc.	Chillicothe, IL	$51.0M	Southside Trust & SB of Peo
Mar 16, 1989	First Sav. Assoc. Southeast Texas	Silsbee, TX	$48.7M	Kilgore FS&LA
Mar 16, 1989	Home FS & La of Centralia	Centralia, IL	$47.6M	Magna Bank of Centralia
Mar 16, 1989	Rusk Fed. S & L Assoc.	Rusk, TX	$44.6M	Citizens Bank
Mar 16, 1989	Sabine Valley S & L Assoc.	Center, TX	$41.1M	Deposit payout
Mar 16, 1989	First FS & La	Baton Rouge, LA	$39.5M	Life SB
Mar 16, 1989	Brickellbanc Savings Assoc.	Miami, FL	$38.8M	Helm Bank
Mar 16, 1989	Evangeline Federal Savings & Loan	Lafayette, LA	$37.4M	Hibernia NB
Mar 16, 1989	First Fed. S & La of Seminole	Seminole, OK	$33.3M	First NB&TC of Holdenville
Mar 16, 1989	Southeast Texas FSA	Woodville, TX	$31.2M	Deposit payout
Mar 16, 1989	Merchants Marine Bank	Port Isabel, TX	$30.8M	FirstBank
Mar 16, 1989	Family FS & La	Shreveport, LA	$27.6M	City B&T of Shreveport
Mar 16, 1989	Golden Triangle S & La	Bridge City, TX	$26.9M	Deposit payout
Mar 16, 1989	First Fed. S & L Assoc.	Eunice, LA	$23.5M	Guaranty Bank of Mamou
Mar 16, 1989	First Savings of America FS & La	Orland Park, IL	$23.5M	St. Paul FB for Savings
Mar 16, 1989	The Farmers & Merchants State Bank	Ballinger, TX	$22.5M	The First National Bank of
Mar 16, 1989	Peoples FS & La of Thibodaux	Thibodaux, LA	$19.6M	First Interstate BK of So.
Mar 16, 1989	Island Bank	South Padre Island, TX	$17.5M	FirstBank
Mar 16, 1989	Community Fed. S & L Assoc.	Tampa, FL	$10.3M	Deposit payout
Mar 16, 1989	The Farmers State Bank, Bogue	Bogue, KS	$8.0M	Farmers & Merchants Bank of
Mar 15, 1989	First South Sa	Houston, TX	$278.0M	Deposit payout
Mar 10, 1989	Bankers Trust of Louisiana, N.A.	Kenner, LA	$83.0M	Investors Bank & Trust Comp
Mar 9, 1989	Hill Financial Sa	Red Hill, PA	$3.00B	Meridian Financial Sa, F.A.
Mar 9, 1989	Benjamin Franklin Sa	Houston, TX	$2.64B	Banc One TX, N.A.
Mar 9, 1989	Commonwealth Savings Assoc.	Houston, TX	$1.65B	Branch sale
Mar 9, 1989	Bancplus Savings Association	Pasadena, TX	$751.5M	United Sa of TX, FSB
Mar 9, 1989	Otero S & L Assoc.	Colorado Springs, CO	$558.6M	Branch sale
Mar 9, 1989	First Fed. S & La of Colorado SPR.	Colorado Springs, CO	$354.9M	Western NB of CO
Mar 9, 1989	Continental Savings, a FS & La	Bellaire, TX	$354.6M	Branch sale
Mar 9, 1989	First Fed. S & L Assoc.	Atlanta, GA	$301.0M	Merchant Bank of Atlanta
Mar 9, 1989	Sun S & La	Parker, CO	$289.5M	Deposit payout
Mar 9, 1989	American S & La of Brazoria	Lake Jackson, TX	$281.3M	Deposit payout
Mar 9, 1989	Concord-Liberty Fed. S & L Assoc.	Monroeville, PA	$220.3M	Parkvale Sa
Mar 9, 1989	American FS & La	Albuquerque, NM	$188.9M	First NB in Albuquerque
Mar 9, 1989	Valley Federal Savings	Roswell, NM	$180.6M	Deposit payout
Mar 9, 1989	Ameriway Savings	Houston, TX	$176.5M	United Sa of the SW, FSB
Mar 9, 1989	Western Gulf Savings	Bay City, TX	$154.8M	Victoria B&TC
Mar 9, 1989	Phenix Fed. S & L Assoc.	Phenix City, AL	$150.3M	Branch sale
Mar 9, 1989	Universal Sa	Houston, TX	$142.1M	Channelview Bank
Mar 9, 1989	Germantown Trust Savings	Germantown, TN	$135.9M	NB of Commerce
Mar 9, 1989	Mesa FS & La of Colorado	Grand Junction, CO	$117.4M	Mesa NB
Mar 9, 1989	Peoples Savings Assoc.	St. Joseph, MI	$107.3M	Peoples SB
Mar 9, 1989	Bankers S & L Assoc.	Galveston, TX	$106.4M	NCNB Texas National Bank
Mar 9, 1989	Spring Branch S & La	Houston, TX	$99.9M	Coastal Banc Sa
Mar 9, 1989	Village Savings FSB	Houston, TX	$93.8M	NCNB Texas National Bank

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

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