Failures by State

Bank Failures in Alaska

10 FDIC-insured banks headquartered in Alaska have failed since 1986. The most recent was Alliance Bank on April 21, 1989. The worst year was 1989, with 4 failures. Failed banks held $1.81B in assets at closing.

Failures

1986 to 1989

$1.81B

Failed assets

At closing

$487.3M

Estimated DIF loss

FDIC estimate

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All Alaska events

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Largest bank failures in Alaska

Date	Bank	City	Assets	Acquirer or resolution
Apr 21, 1989	Alliance Bank	Anchorage	$779.0M	National Bank of Alaska
Dec 11, 1987	First Interstate Bank of Alaska	Anchorage	$367.7M	National Bank of Alaska
Oct 22, 1987	Alaska National Bank of the North	Fairbanks	$203.1M	National Bank of Alaska
Mar 2, 1989	First Federal Bank of Alaska	Anchorage	$137.6M	First NB of Anchorage
Mar 2, 1989	Home Savings Bank	Anchorage	$91.5M	Security Pacific Bank Ak, N
Feb 3, 1989	Alaska Statebank	Anchorage	$90.8M	Key Bank of Alaska
Aug 3, 1988	Alaska Continental Bank	Anchorage	$51.5M	First Interstate Bank of
Aug 8, 1986	Peninsula FS&LA	Soldotna	$42.6M	—
Oct 23, 1986	Security National Bank	Anchorage	$41.8M	Rainier Bank Alaska N.A.
Jun 12, 1987	Frontier S&LA	Fairbanks	$7.4M	—

Alaska bank failures by year

Year	Failures	Failed assets
1989	4	$1.10B
1988	1	$51.5M
1987	3	$578.1M
1986	2	$84.5M

Every bank failure in Alaska

Date	Bank	City	Assets	Acquirer or resolution
Apr 21, 1989	Alliance Bank	Anchorage	$779.0M	National Bank of Alaska
Mar 2, 1989	First Federal Bank of Alaska	Anchorage	$137.6M	First NB of Anchorage
Mar 2, 1989	Home Savings Bank	Anchorage	$91.5M	Security Pacific Bank Ak, N
Feb 3, 1989	Alaska Statebank	Anchorage	$90.8M	Key Bank of Alaska
Aug 3, 1988	Alaska Continental Bank	Anchorage	$51.5M	First Interstate Bank of
Dec 11, 1987	First Interstate Bank of Alaska	Anchorage	$367.7M	National Bank of Alaska
Oct 22, 1987	Alaska National Bank of the North	Fairbanks	$203.1M	National Bank of Alaska
Jun 12, 1987	Frontier S&LA	Fairbanks	$7.4M	—
Oct 23, 1986	Security National Bank	Anchorage	$41.8M	Rainier Bank Alaska N.A.
Aug 8, 1986	Peninsula FS&LA	Soldotna	$42.6M	—

Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.

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