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
Dec 21, 1989 Columbia FSA Nassau Bay, TX $77.1M Deposit payout
Dec 21, 1989 Silver Savings Assoc. Silver City, NM $32.2M First New Mexico Bank
Dec 20, 1989 First City National Bank and Trust New York, NY $39.5M —
Dec 20, 1989 United Community Bank Westlake Village, CA $32.3M Olympic National Bank
Dec 15, 1989 First American Bank and Trust North Palm Beach, FL $1.38B First American Bank and Tru
Dec 14, 1989 Yorkridge-Calvert Federal Savings Baltimore, MD $585.8M Household Bank, FSB
Dec 14, 1989 Louisiana Savings Assn. Lake Charles, LA $449.3M Branch sale
Dec 14, 1989 First Acadiana Bank Eunice, LA $46.8M American Security Bank of V
Dec 14, 1989 Canyon Lake Bank Canyon Lake, TX $31.0M Victoria Bank & Trust Compa
Dec 14, 1989 North Side State Bank Tulsa, OK $20.4M Bank of Tulsa
Dec 14, 1989 Red River S & L Assoc. Coushatta, LA $10.4M Peoples State Bank
Dec 13, 1989 City National Bank of Sayre Sayre, OK $21.0M First State Bank and Trust
Dec 13, 1989 Midlothian National Bank Midlothian, TX $9.9M The First National Bank in
Dec 8, 1989 City Savings, FSB Somerset, NJ $9.81B Branch sale
Dec 8, 1989 Atlantic Permanent Federal Norfolk, VA $581.0M Branch sale
Dec 8, 1989 First Bank, Pineville, Louisiana Pineville, LA $72.3M Rapides Bank & Trust Compan
Dec 8, 1989 Orange State Bank Miami, FL $8.0M Helm Bank
Dec 7, 1989 Arlington Heights Savings Assoc. Arlington Heights, IL $509.1M Citibank FSB
Dec 7, 1989 Community Federal Savings Assoc. Bridgeport, CT $58.3M Union Trust Co.
Dec 7, 1989 Westheimer Memorial Bank, N.A. Houston, TX $38.9M Hibernia National Bank in T
Dec 7, 1989 First Commerce National Bank Phoenix, AZ $20.3M Citicorp(arizona)
Dec 7, 1989 Atlantic National Bank Norfolk, VA $14.4M New Atlantic Bank, National
Dec 7, 1989 The Garnett S & L Assoc. Garnett, KS $13.6M Farmers State Bank
Dec 7, 1989 Aledo State Bank Aledo, TX $9.9M Citizens National Bank of W
Dec 7, 1989 First National Bank of Frisco Frisco, TX $9.0M Hibernia National Bank in T
Dec 1, 1989 First Security Bank of Glendive Glendive, MT $32.4M The First National Bank of
Dec 1, 1989 Central Dakota Bank Lehr, ND $13.9M Security State Bank, Wishek
Nov 30, 1989 Security Federal Savings, FSB Columbia, SC $759.2M South Carolina NB
Nov 30, 1989 Brookside Federal S & L Los Angeles, CA $601.4M Deposit payout
Nov 30, 1989 Southwestern Federal Savings El Paso, TX $126.4M Deposit payout
Nov 30, 1989 Austin FS & La Austin, TX $113.4M Deposit payout
Nov 30, 1989 Fortune Financial Fed. S & L Assoc Copperas Cove, TX $84.2M Deposit payout
Nov 30, 1989 Greater Texas Bank Southwest, N.A. Travis County, TX $32.6M NCNB Texas National Bank
Nov 30, 1989 Salamanca Fed. Savings Assoc. Salamanca, NY $29.7M Cattaraugus City Bank
Nov 30, 1989 Greater Texas Bank North, N.A. Austin, TX $22.7M Hibernia National Bank in T
Nov 30, 1989 First Federal Savings Bank Diamondville, WY $13.4M Deposit payout
Nov 17, 1989 Security National Bank of Shreveport Shreveport, LA $19.4M —
Nov 16, 1989 Sooner Federal Savings Assoc. Tulsa, OK $1.53B First Gibraltar Bank, FSB
Nov 16, 1989 General Federal Savings Bank Coral Gables, FL $355.5M Republic NB of Miami
Nov 16, 1989 First Federal S & L /Central Indiana Anderson, IN $192.4M Shelby FSB
Nov 16, 1989 Texas Western Federal Savings Houston, TX $116.1M Deposit payout
Nov 16, 1989 Security Fed. Savings Association Garden Grove, CA $71.0M Itt FB, FSB
Nov 16, 1989 Love Field National Bank Dallas, TX $28.3M Hibernia National Bank in T
Nov 16, 1989 Executive National Bank San Antonio, TX $7.3M Hibernia National Bank in T
Nov 9, 1989 Colonial Federal Savings Assoc. Roselle Park, NJ $427.1M Branch sale
Nov 9, 1989 Fidelity Federal Savings Assoc. Galesburg, IL $393.8M First Bank, a SB
Nov 9, 1989 Crest Federal S & L Kankakee, IL $137.1M Branch sale
Nov 9, 1989 Aspen Savings Bank FSB Aspen, CO $136.3M Bank of Aspen
Nov 9, 1989 Saratoga S & L Association San Jose, CA $84.5M Pacific Western Bank
Nov 9, 1989 City National Bank of Plano Plano, TX $56.5M Compass Bank - Plano

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
Sep 23, 1989 Bank of Pleasanton KS The Farmers State Bank of Blue Mound
Sep 20, 1989 Winter Garden Credit Union TX Gulf Coast Federal Credit Union
Sep 16, 1989 Marquette Bank University, National Association MN Marquette Bank Minneapolis, National Association
Sep 16, 1989 First Bank Cottage Grove National Association MN U.S. Bank National Association
Sep 16, 1989 Marquette Bank Columbia Heights MN Marquette Bank Minneapolis, National Association
Sep 16, 1989 First Bank and Trust Company GA Wachovia Bank of Georgia, National Association
Sep 16, 1989 Marquette Bank Lake MN Marquette Bank Minneapolis, National Association
Sep 15, 1989 Southern California Free Methodist Credit Union CA Adelfi Credit Union
Sep 15, 1989 Bank of Long Island NY The Bank of New York Mellon
Sep 15, 1989 Bridgeport Progressive Federal Credit Union CT McKesson Federal Credit Union
Sep 13, 1989 Lion Wilkes Barre Federal Credit Union PA Choice One Community Federal Credit Union
Sep 11, 1989 First Federal Savings and Loan Association of Montclair NJ Penn Federal Savings Bank
Sep 9, 1989 Society Bank of Eastern Ohio, National Association OH KeyBank N.A.
Sep 9, 1989 Saint Gregory Federal Credit Union VA Abnb Federal Credit Union
Sep 9, 1989 Mercantile Bancorp, Inc. OK First Fidelity Bancorp, Inc.
Sep 9, 1989 Touro Employees Federal Credit Union LA Onpath Federal Credit Union
Sep 9, 1989 Mercantile Bank, N.A. OK First Fidelity Bank
Sep 4, 1989 Magna Bank of Freeburg IL Magna Bank, National Association
Sep 3, 1989 Magna Bank of Mascoutah IL Magna Bank, National Association
Sep 3, 1989 Magna Bank of Marissa IL Magna Bank, National Association
Sep 2, 1989 Eastex Bancshares, Inc. TX Ubank Holdings, Inc.
Sep 1, 1989 Wabash General Hospital Federal Credit Union IL Louisville Medical Center Federal Credit Union
Sep 1, 1989 Plateau Cu TN Upper Cumberland Federal Credit Union
Sep 1, 1989 FN Bancorp IN Fort Wayne National Corporation
Sep 1, 1989 St. Joseph Bancorp, Inc. IL First Busey Corporation
Sep 1, 1989 Consolidated Banc Shares WV CB&T Financial Corp
Sep 1, 1989 Exchange Holding, Inc. KS Fourth Financial Corporation
Sep 1, 1989 American Heritage Bancshares, Inc. MI Manufacturers National Corporation
Sep 1, 1989 Arcom Credit Union IL Sherwin Williams Employees Credit Union
Sep 1, 1989 The Lowndes Bank WV Community Bank & Trust
Sep 1, 1989 The Mountain National Bank of Clifton Forge VA Crestar Bank
Sep 1, 1989 Saint Gregory the Great Parish Credit Union OH Saints Margaret & Gregory Federal Credit Union
Sep 1, 1989 Scarsdale National Bank and Trust Company NY The Bank of New York Mellon
Sep 1, 1989 Texas National Guard Credit Union TX United Heritage Credit Union
Sep 1, 1989 Hayward Regional Federal Credit Union CT Waypoint Federal Credit Union
Sep 1, 1989 (unnamed) — Boatmen's National Bank of Cape Girardeau
Sep 1, 1989 First of America Bank - Ludington, National Association MI First of America Bank-Muskegon
Sep 1, 1989 Valley National Bank MN The Midway National Bank of St. Paul
Sep 1, 1989 Galveston News Employee Federal Credit Union TX Primeway Federal Credit Union
Sep 1, 1989 J.H.S. Employees Credit Union TN Resource Federal Credit Union
Sep 1, 1989 Digital Communications Corporation Employees Federal Credit Union MD Kinecta Federal Credit Union
Sep 1, 1989 Heylpat Federal Credit Union PA Tri-Valley Services Federal Credit Union
Sep 1, 1989 First Federal Savings and Loan Association MS Magnolia Federal Bank for Savings
Sep 1, 1989 Newman-Crosby Employees Credit Union RI COASTAL1 Credit Union
Sep 1, 1989 (unnamed) — First Interstate Bank of California
Aug 31, 1989 Saint Cyril and Saint Francis Xaviers Parishes Federal Credit Union PA Little Giant Federal Credit Union
Aug 29, 1989 CBI Insurance Services Inc WI Valley Bank
Aug 29, 1989 Midamerican Corporation KS Midamerican Corporation
Aug 29, 1989 (unnamed) — The Seymour National Bank
Aug 28, 1989 The First National Bank of Ripley WV United Bank

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