Failures by State

Bank Failures in Montana

16 FDIC-insured banks headquartered in Montana have failed since 1934. The most recent was Q Bank on August 7, 1998. The worst year was 1987, with 3 failures. Failed banks held $237.2M in assets at closing.

Failures

1934 to 1998

$237.2M

Failed assets

At closing

$51.7M

Estimated DIF loss

FDIC estimate

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Largest bank failures in Montana

Date	Bank	City	Assets	Acquirer or resolution
May 30, 1986	Bank of Columbia Falls	Columbia Falls	$41.5M	First Citizens Bank N.A.
Dec 1, 1989	First Security Bank of Glendive	Glendive	$32.4M	The First National Bank of
Mar 16, 1992	First Security Bank of Anaconda	Anaconda	$31.6M	Bank of Montana Anaconda
Aug 16, 1985	Montana S&LA	Kalispell	$26.9M	—
Apr 22, 1988	The Village Bank	Great Falls	$21.7M	Village Bank of Great F.A.
May 14, 1987	United Bank	Libby	$15.4M	First National Bank in L
Apr 9, 1987	Deer Lodge Bank & Trust Company	Deer Lodge	$15.2M	Peoples BK of Deer Lodge
Aug 7, 1998	Q Bank	Fort Benton	$15.0M	Heritage State Bank
Jun 9, 1989	Treasure State Bank	Glasgow	$14.6M	Valley Bank of Glasgow
Nov 11, 1983	First Nat BK of Browning	Browning	$13.7M	—

Montana bank failures by year

Year	Failures	Failed assets
1998	1	$15.0M
1992	1	$31.6M
1989	2	$46.9M
1988	1	$21.7M
1987	3	$39.0M
1986	1	$41.5M
1985	1	$26.9M
1983	1	$13.7M
1949	1	$634K
1939	1	$162K
1937	2	$104K
1934	1	$91K

Every bank failure in Montana

Date	Bank	City	Assets	Acquirer or resolution
Aug 7, 1998	Q Bank	Fort Benton	$15.0M	Heritage State Bank
Mar 16, 1992	First Security Bank of Anaconda	Anaconda	$31.6M	Bank of Montana Anaconda
Dec 1, 1989	First Security Bank of Glendive	Glendive	$32.4M	The First National Bank of
Jun 9, 1989	Treasure State Bank	Glasgow	$14.6M	Valley Bank of Glasgow
Apr 22, 1988	The Village Bank	Great Falls	$21.7M	Village Bank of Great F.A.
May 14, 1987	United Bank	Libby	$15.4M	First National Bank in L
Apr 9, 1987	Deer Lodge Bank & Trust Company	Deer Lodge	$15.2M	Peoples BK of Deer Lodge
Mar 19, 1987	Clarks Fork National Bank	Fromberg	$8.4M	Yellowstone Bank
May 30, 1986	Bank of Columbia Falls	Columbia Falls	$41.5M	First Citizens Bank N.A.
Aug 16, 1985	Montana S&LA	Kalispell	$26.9M	—
Nov 11, 1983	First Nat BK of Browning	Browning	$13.7M	—
Apr 30, 1949	Stockmens Bank of Martinsdale	Martinsdale	$634K	—
Jun 15, 1939	Glendive State Bank	Glendive	$162K	—
Jul 13, 1937	Farmers State Bank of Bainville	Bainville	$104K	—
Feb 20, 1937	The First National Bank of Ismay	Ismay	—	—
Jul 18, 1934	First National Bank of Lima	Lima	$91K	—

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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