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Calendar Year

1985 in US Banking

1,226 bank events are on record for 1985: 139 failures, 1,032 mergers or acquisitions involving a bank, credit union or bank holding company, and 14 enforcement actions.

139
Failures
$9.90B in failed assets
1,032
Mergers
Federal Reserve NIC, banking organizations
14
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
41
Assistance
FDIC open-bank assistance

Jump to: Bank failures 1985 · Bank mergers 1985

How many banks failed in 1985?

139 banks failed in 1985, with $9.90B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Aug 28, 1985 Missouri Delta Bank Hayti, MO $9.1M Bank of Hayti
Aug 28, 1985 Cardwell State Bank Cardwell, MO $6.2M Merchants&planters BK Ho
Aug 23, 1985 Alliance FS&LA Kenner, LA $188.1M —
Aug 23, 1985 The Bank of Bronson Bronson, KS $9.6M —
Aug 20, 1985 Centennial S&LA Guerneville, CA $368.2M Citizens FS&LA
Aug 16, 1985 Montana S&LA Kalispell, MT $26.9M —
Aug 15, 1985 Park West Bank, N.A. Farmers Branch, TX $20.5M Park West State Bank
Aug 14, 1985 State Bank of Herndon Herndon, KS $6.2M —
Aug 9, 1985 Sierra FS&LA Denver, CO $48.4M Commercial FS&LA
Aug 9, 1985 State Bank of Farmersville Farmersville, IL $12.0M Litchfield Bank&trust Co
Aug 8, 1985 Security Bank & Trust Company Midwest City, OK $35.0M Security Bank of MW CTY
Aug 6, 1985 Mineola State Bank Mineola, IA $5.2M Glenwood State Bank
Aug 2, 1985 Bell Savings Banc Temple, TX $185.0M —
Aug 2, 1985 Farmers State Bank of Round Lake Round Lake, MN $23.2M Farmers STB of Mountain
Aug 2, 1985 Farmers State Bank Rising City, NE $12.8M Union Bank&trust Co
Aug 1, 1985 Riverside National Bank of Houston Houston, TX $18.4M Peoples Bank National As
Jul 25, 1985 Citizens State Bank of El Dorado El Dorado, KS $31.2M National Bank of El Dora
Jul 25, 1985 Kansas American Bank Overland Park, KS $25.7M Midamerican B&T Overland
Jul 23, 1985 The First National Bank of Onaga Onaga, KS $22.4M First National Bank of O
Jul 23, 1985 First National Bank of Glenrock Glenrock, WY $18.7M National Bank of Glenroc
Jul 19, 1985 Linn County Bank Linneus, MO $5.4M United Mo Bank of Linn C
Jul 19, 1985 Gilpin County Bank Black Hawk, CO $3.9M First Intrst BK Golden N
Jul 18, 1985 Sunrise, S&LA Lake Worth, FL $1.52B Beach FS&LA
Jul 18, 1985 The First National Bank of Darouzzet Darrouzett, TX $18.2M —
Jul 18, 1985 Eskridge State Bank Eskridge, KS $10.1M Flint Hills Bank of Eskr
Jul 11, 1985 Crossroads State Bank Oklahoma City, OK $17.8M —
Jul 5, 1985 The First National Bank of Jacksonville Jacksonville, AL $43.3M Amsouth Bank of Jacksonv
Jul 2, 1985 Madison Bank Madison, KS $8.4M First NB of Madison
Jun 28, 1985 First Bank & Trust Tracy City, TN $21.1M First NB of Shelbyville
Jun 25, 1985 Sun Belt Federal Bank, FSB Lake Providence, LA $278.3M Horizon FS&LA
Jun 25, 1985 Audubon S&LA New Orleans, LA $211.3M Horizon FS&LA
Jun 25, 1985 Northlake S&LA Covington, LA $141.4M Horizon FS&LA
Jun 25, 1985 New Orleans S&LA New Orleans, LA $118.0M Horizon FS&LA
Jun 25, 1985 Crescent Savings Bank New Orleans, LA $89.1M Horizon FS&LA
Jun 25, 1985 Community FS&LA Baton Rouge, LA $47.9M Horizon FS&LA
Jun 21, 1985 Golden Pacific National Bank New York, NY $146.3M Hongkong&shanghai BK Cor
Jun 21, 1985 First City Bank, N.A. Oklahoma City, OK $97.8M City Bank&trust
Jun 21, 1985 Urbana Savings Bank Urbana, IA $7.2M Peoples Bank&trust Co
Jun 20, 1985 Farmers State Bank of Dexter Dexter, KS $4.3M —
Jun 14, 1985 Swift County Bank Benson, MN $41.6M First Security STB Sleep
Jun 14, 1985 Strong's Bank Dodgeville, WI $30.7M M&I Bank of Dodgeville
Jun 13, 1985 The First State Bank Edna, KS $8.3M First State Bank of Edna
Jun 11, 1985 American National Bank of Riverton Riverton, WY $37.9M First WY Bank Na Riverto
Jun 7, 1985 Community FS&LA Nashville, TN $22.7M —
Jun 7, 1985 Magnolia FS&LA Knoxville, TN $4.8M —
May 31, 1985 Bank of Lockesburg Lockesburg, AR $25.5M Bank of Lockesburg
May 31, 1985 First Trust Bank of Lakefield Lakefield, MN $24.3M Fulda State Bank
May 31, 1985 Bank of Taylor Taylor, NE $14.5M Union Bank&trust Co
May 31, 1985 Fairfield State Bank Fairfield, NE $6.8M —
May 31, 1985 Security State Bank Edgar, NE $6.6M Guide Rock State Bank

Which banks merged in 1985?

1,032 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1985.

Date Acquired St Acquirer
Dec 31, 1985 Saint Josephs Parkersburg Federal Credit Union WV West Virginia Central Federal Credit Union
Dec 31, 1985 PGL & Ogl Federal Credit Union CA Allied Trades Credit Union
Dec 31, 1985 Wellington Colorado Industrial Bank CO Fort Collins Colorado Industrial Bank
Dec 31, 1985 Northern Michigan Bank of Kingsford MI Northern Michigan Bank & Trust
Dec 31, 1985 The Citizens and Southern Bank of Thomaston GA NationsBank, National Association (South)
Dec 31, 1985 Home Federal Savings and Loan Association of Sioux City IA Vantus Bank
Dec 31, 1985 Volco Employees Federal Credit Union NJ Advanced Financial Federal Credit Union
Dec 31, 1985 Northern Michigan Bank of Marquette MI Northern Michigan Bank & Trust
Dec 31, 1985 Burton Auto Empl Cu TX Security First Federal Credit Union
Dec 31, 1985 Bank of Boston Trust Company of Arizona AZ Chase Trust Company of Arizona
Dec 31, 1985 B. H. V. Federal Credit Union NY Reliant Community Federal Credit Union
Dec 31, 1985 Georgia State Bank GA First Union Bank of Augusta
Dec 31, 1985 Bagdad Copper Credit Union AZ Oneaz Credit Union
Dec 31, 1985 Western Community Bank, National Association WA Western Community Bank
Dec 31, 1985 City Bank & Trust Company of Lincoln NE Havelock Bank
Dec 31, 1985 John Roberts Federal Credit Union ME Ocean Communities Federal Credit Union
Dec 31, 1985 Scituate Town Employees Federal Credit Union MA Hingham Federal Credit Union
Dec 31, 1985 Hoboken Postal Employees Credit Union NJ Liberty Savings Federal Credit Union
Dec 31, 1985 The Citizens and Southern Bank of Dublin GA NationsBank, National Association (South)
Dec 31, 1985 Gwinnett Bank & Trust Company GA First Georgia Bank
Dec 31, 1985 C & L Employees Federal Credit Union CA South Western Federal Credit Union
Dec 31, 1985 The Citizens and Southern Bank of West Georgia GA NationsBank, National Association (South)
Dec 31, 1985 St. Peter's Medical Center Emps Federal Credit Union NJ Members Connect Federal Credit Union
Dec 31, 1985 Manufacturers Hanover, National Association NY Manufacturers Hanover Trust Company
Dec 31, 1985 Hancon Federal Credit Union NJ County Excellence Federal Credit Union
Dec 31, 1985 The Citizens and Southern Newnan Bank GA NationsBank, National Association (South)
Dec 31, 1985 Western Ohio National Bank & Trust Company OH Heritage National Bank and Trust Company
Dec 31, 1985 Bank of Mount Hope WV Bank of Mount Hope, Inc.
Dec 31, 1985 NFP Martinsburg Federal Credit Union WV 167th TFR Federal Credit Union
Dec 31, 1985 Gateway Knox Federal Credit Union PA Top Tier Federal Credit Union
Dec 31, 1985 The Citizens and Southern Bank of Albany GA NationsBank, National Association (South)
Dec 31, 1985 Frankfort Bancorporation, Inc. IL Banterra Corp
Dec 31, 1985 Crown Bancshares, Inc. MO Midamerican Corporation
Dec 31, 1985 GNB Corporation PA Pennbancorp
Dec 31, 1985 American Bancorp, Inc. KY Fifth Third Bancorp
Dec 31, 1985 Central Florida Bank Corporation FL First Union Corporation of Florida
Dec 31, 1985 Metter Financial Services, Inc. GA First Banking Company of Southeast Georgia
Dec 31, 1985 Shelby Bancshares, Inc. AL Regions Financial Corporation
Dec 31, 1985 Lancaster Bancshares, Inc. WI M&I Interim Corporation
Dec 30, 1985 Bayonne Texaco Employees Federal Credit Union NJ Liberty Savings Federal Credit Union
Dec 30, 1985 Bank of Central Pennsylvania PA Commonwealth Bank
Dec 30, 1985 Educators Investment Company of Kansas, Inc. KS Fourth Financial Corporation
Dec 30, 1985 Financial and Property Management, Inc. KS Fourth Financial Corporation
Dec 29, 1985 Nordson Corporation Credit Union OH Community Star Credit Union, Inc.
Dec 28, 1985 Sacramento Valley Bank, National Association CA Sacramento First National Bank
Dec 28, 1985 Family Credit Union ME Infinity Federal Credit Union
Dec 28, 1985 (unnamed) — First National Bank in Palm Beach
Dec 28, 1985 Virginia Southern Bank VA NationsBank, National Association
Dec 27, 1985 C C C 460 Federal Credit Union IN Allegius Federal Credit Union
Dec 27, 1985 Gaylord Investments, Inc. KS Osborne Investments, Inc.

Enforcement Actions in 1985

Action date Agency Institution Action
Dec 9, 1985 FDIC An individual Other Action: Redacted
Dec 9, 1985 FDIC An individual Cease and Desist / Consent Orders: Redacted
Sep 23, 1985 FDIC An individual Assessment of Civil Money Penalty: Redacted
Sep 16, 1985 FDIC An individual Cease and Desist / Consent Orders: Redacted
Aug 19, 1985 FDIC An individual Removal/Prohibition Order: Redacted
Aug 19, 1985 FDIC An individual Cease and Desist / Consent Orders;Removal/Prohibition Order: Redacted
Jul 9, 1985 FDIC An individual Cease and Desist / Consent Orders;Involuntary Termination of Deposit Insurance: Redacted
May 28, 1985 FDIC An individual Cease and Desist / Consent Orders: Redacted
May 6, 1985 FDIC An individual Cease and Desist / Consent Orders: Redacted
May 6, 1985 FDIC An individual Temporary Order to Cease and Desist: Redacted
Apr 30, 1985 FDIC An individual Temporary Suspension/Prohibition Order for Indict: Redacted
Apr 30, 1985 FDIC An individual Temporary Suspension/Prohibition Order for Indict: Redacted
Jan 25, 1985 FDIC An individual Removal/Prohibition Order: Redacted
Jan 14, 1985 FDIC An individual Removal/Prohibition Order: Redacted

FDIC Open-Bank Assistance in 1985

Date Institution HQ Assets
Dec 31, 1985 Home Savings Bank White Plains, NY $413.9M
Dec 31, 1985 Sun FS&LA Talahassee, FL $367.5M
Dec 20, 1985 State S&LA of Lubbock Lubbock, TX $841.6M
Dec 20, 1985 Brownfield S&LA Brownfield, TX $64.7M
Dec 2, 1985 Home FS&LA Sioux City, IA $115.3M
Dec 2, 1985 Home FS&LA Paducah, KY $106.7M
Dec 2, 1985 Midland FS&LA Moorhead, MN $38.0M
Dec 1, 1985 Citizens FS&LA Seattle, WA $461.4M
Nov 25, 1985 Hi-Plains S&LA Hereford, TX $114.6M
Nov 1, 1985 Lewis FS&LA Chehalis, WA $51.9M
Oct 28, 1985 Security Trust S&LA Oakridge, TN $28.8M
Oct 4, 1985 Sun S&LA Portland, ME $231.9M
Oct 1, 1985 Bowery Savings Bank New York, NY $5.28B
Oct 1, 1985 Security FS&LA Alberquerque, NM $169.1M
Oct 1, 1985 Baton Rouge S&LA Baton Rouge, LA $116.0M
Sep 27, 1985 Family FS&LA Springfield, VA $57.1M
Sep 27, 1985 Golden Pacific S&LA Windsor, CA $45.6M
Sep 20, 1985 Glen Ellyn S&LA Glen Ellyn, IL $122.1M
Sep 6, 1985 Heights Savings Association Houston, TX $436.5M
Sep 3, 1985 Citizens FS&LA Matteson, IL $133.8M
Aug 16, 1985 The Commercial Bank Andalusia, AL $77.8M
Aug 7, 1985 Butterfield S&LA Santa Ana, CA $708.3M
Aug 1, 1985 Western Heritage FS&LA Pendleton, OR $175.1M
Jul 25, 1985 Bell S&LA San Mateo, CA $1.64B
Jul 19, 1985 Flushing FS&LA Flushing, NY $527.7M
Jul 1, 1985 Citizens S&LA Batesville, MS $18.4M
Jun 26, 1985 Century Sa Shawnee MSN, KS $91.8M
Jun 21, 1985 Eureka FS&LA San Carlos, CA $1.57B
Jun 6, 1985 Southern California S&LA Beverly Hills, CA $1.49B
May 31, 1985 Central S&LA San Diego, CA $2.31B
May 31, 1985 Bank of Oregon Woodburn, OR $117.1M
May 28, 1985 First FS&LA of Freeport Freeport, IL $63.3M
May 22, 1985 Home FS&LA Marion, OH $201.9M
May 10, 1985 First Financial Bank, FSB New Orleans, LA $739.4M
May 2, 1985 Capital City FS&LA Washington, DC $361.2M
May 2, 1985 Northern Virginia S&LA Arlington, VA $237.2M
May 2, 1985 First Federal of Titusville Titusville, FL $162.7M
May 1, 1985 Brighton FS&LA Brighton, CO $91.4M
Apr 23, 1985 Beverly Hills S&LA Beverly Hills, CA $2.92B
Jan 1, 1985 Fidelity S&L Martins Ferry, OH $72.5M
Jan 1, 1985 Peoples S&LA Honolulu, HI $15.0M

Browse adjacent years: 1984 · 1986

Bank events in the 1980s: 1980 · 1981 · 1982 · 1983 · 1984 · 1985 · 1986 · 1987 · 1988 · 1989

Or jump to a category: Failures · Mergers · Enforcement · Assistance