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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
May 31, 1985 Scroggin & Company Bank Oak, NE $3.6M —
May 23, 1985 Northwest Bank White Settlement, TX $54.0M Landmark Bank-Northwest
May 16, 1985 Bank of Newcastle Newcastle, OK $32.6M Allied Oklahoma Bank N.A.
May 16, 1985 The Energy Bank, N.A. Dallas, TX $29.7M Oaks Bank&trust Co
May 9, 1985 Story County State Bank Story City, IA $33.6M Story County Bank&trust
May 3, 1985 Farmers State Bank St. Joseph, MO $50.9M Farmers STB of Buchanan
May 3, 1985 Farmers Savings Bank Massena, IA $16.9M Union National Bank
May 2, 1985 The Bank of Commerce Chanute, KS $66.8M Bank of Commerce
Apr 26, 1985 First Enterprise Bank Oakland, CA $43.8M —
Apr 26, 1985 Peoples State Bank Odebolt, IA $13.5M Peoples Savings Bank
Apr 18, 1985 The Peoples National Bank of Lampasas Lampasas, TX $39.4M United Peoples Bank
Apr 18, 1985 The First National Bank of Springfield Springfield, CO $15.3M Baca State Bank
Apr 12, 1985 State S&LA Salt Lake City, UT $639.0M —
Apr 12, 1985 South Coast Bank Costa Mesa, CA $31.3M Harbor Bank
Apr 12, 1985 First State Bank of Elgin Elgin, OR $18.2M United States NB of Oreg
Apr 10, 1985 State Bank of Alexandria Alexandria, NE $2.5M —
Apr 5, 1985 Capistrano National Bank San Juan Capistra, CA $58.2M Farmers&merchants BK Lon
Apr 4, 1985 Bank of Hunter Hunter, OK $3.0M First NB in Tonkawa
Mar 29, 1985 Fidelity Bank of Denver Denver, CO $54.7M American Bank of Commerc
Mar 25, 1985 Golden Valley Bank Turlock, CA $82.2M Farmers&merchants BK CNT
Mar 15, 1985 Taylor State Bank Emington, IL $5.0M First NB of Dwight
Mar 8, 1985 Western Community S&L El Cerrito, CA $110.6M First United FSB
Mar 8, 1985 Citizens State Bank Arapahoe, NE $16.9M Farmers&merchants Bank
Mar 8, 1985 Commercial State Bank Afton, IA $16.3M Citizens Savings Bank
Mar 1, 1985 Halifax National Bank of Port Orange Port Orange, FL $38.6M Barnett Bank of Volusia
Feb 19, 1985 Inwood State Bank Inwood, IA $8.1M Security Savings Bank
Feb 15, 1985 Citizens State Bank of Fulda Fulda, MN $39.4M Fulda State Bank
Feb 14, 1985 First National Bank of Eads Eads, CO $17.5M Omnibank of Kiowa County
Feb 8, 1985 West Valley Bank Woodland Hills, CA $48.3M First Interstate Bank LT
Feb 8, 1985 Peoples Bank & Trust Co. Wartburg, TN $24.4M Citizens Bank&trust Co
Feb 7, 1985 First National Bank of Woodbine Woodbine, IA $25.8M Iowa Savings Bank
Feb 7, 1985 Farmers National Bank of Erick Erick, OK $16.8M First American Bank
Feb 1, 1985 Citizens Fidelity Bank Bristol, TN $18.2M Energy Bank
Jan 25, 1985 The Steele State Bank Cherokee, IA $21.9M Valley Bank&trust
Jan 24, 1985 First National Bank in Clarksville Clarksville, TX $35.0M Citizens Bank
Jan 24, 1985 The First National Bank in Marlow Marlow, OK $27.4M First NB in Marlow
Jan 11, 1985 Coast Community Bank Harbor, OR $9.1M Security Bank of Coos Co
Jan 7, 1985 State Bank of Dannebrog Dannebrog, NE $4.9M —
Jan 4, 1985 Citizens State Bank Edgerton, WY $2.9M —

Bank failures by state in 1985: Kansas (13) · Nebraska (13) · Oklahoma (13) · Texas (13) · California (11) · Iowa (11) · Missouri (9) · Colorado (7) · Louisiana (7) · Tennessee (7) · Minnesota (6) · Wyoming (5) · Oregon (4) · Florida (3) · New Mexico (3) · Arkansas (2) · Illinois (2) · New York (2) · Utah (2) · Alabama (1) · Indiana (1) · Michigan (1) · Montana (1) · Washington (1) · Wisconsin (1). Each state page lists every failure on record there.

Which banks merged in 1985?

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

See the fuller list: Bank mergers 1985 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Jul 2, 1985 Lutheran Federal Credit Union PA Philadelphia Federal Credit Union
Jul 2, 1985 Prestemp Federal Credit Union PA Riverfront Federal Credit Union
Jul 2, 1985 Altoona M P C Federal Credit Union PA A.B. Federal Credit Union
Jul 2, 1985 S.B.A. Company IL United Bancorporation, Inc.
Jul 2, 1985 Oregon Corporation IL United Bancorporation, Inc.
Jul 2, 1985 Rochelle Bancorporation, Inc. IL United Bancorporation, Inc.
Jul 2, 1985 Gulf National Bancorp, Inc. LA Premier Bancorp, Incorporated
Jul 2, 1985 East Riverside Inc. IL United Bancorporation, Inc.
Jul 2, 1985 Elk Grove Investment Corporation IL Usameribancs, Inc.
Jul 2, 1985 First Highland Corporation IL Usameribancs, Inc.
Jul 2, 1985 Woodfield Investment Corporation IL Usameribancs, Inc.
Jul 1, 1985 Utelco Cu AL Avadian Credit Union
Jul 1, 1985 Guardian Bank FL First Union National Bank of Florida
Jul 1, 1985 Brewery Empl Fcu GA Heritage Bank of the South
Jul 1, 1985 Commerce Bank of Richmond Heights MO Commerce Bank, National Association
Jul 1, 1985 Champion Employees Federal Credit Union PA One Federal Credit Union
Jul 1, 1985 Transportation Employees Federal Credit Union MI Diversified Members Credit Union
Jul 1, 1985 Spokane Federated Farm Credit Union WA Spokane Teachers Credit Union
Jul 1, 1985 Abhv Miners Federal Credit Union KY Arh Federal Credit Union
Jul 1, 1985 John Deere Davenport Works Credit Union IA Dutrac Community Credit Union
Jul 1, 1985 Utili-Comm Credit Union MO Central Missouri Community Credit Union
Jul 1, 1985 Hall-Roto Central Credit Union IL Vamco Credit Union
Jul 1, 1985 Dietz Employees Federal Credit Union NY Syracuse Fire Department Emloyee Federal Credit Union
Jul 1, 1985 Commerce Bank of University City MO Commerce Bank, National Association
Jul 1, 1985 Heritage National Bank WV United Bank
Jul 1, 1985 Sun Employees Credit Union TN Leaders Credit Union
Jul 1, 1985 Bank of Goochland VA Jefferson National Bank
Jul 1, 1985 Dreis and Krump Credit Union IL Sherwin Williams Employees Credit Union
Jul 1, 1985 See Cu LA Louisiana Central Credit Union
Jul 1, 1985 Abney Mills Greenville Federal Credit Union SC South Carolina Federal Credit Union
Jul 1, 1985 Bay Catholic Federal Credit Union MI Jolt Credit Union
Jul 1, 1985 Winter Park Mem Hosp Fcu FL Fairwinds Credit Union
Jul 1, 1985 Gte Wellsboro Federal Credit Union PA First Heritage Federal Credit Union
Jul 1, 1985 Bank of Powhatan VA Jefferson National Bank
Jul 1, 1985 Commerce Bank of Webster Grove MO Commerce Bank, National Association
Jul 1, 1985 Phenix City Employees Federal Credit Union AL Alatrust Credit Union
Jul 1, 1985 Southern Bank VA Jefferson National Bank
Jul 1, 1985 Commerce Bank of St. Louis County MO Commerce Bank, National Association
Jul 1, 1985 C-E Lummus Federal Credit Union NJ Comtrust Federal Credit Union
Jul 1, 1985 Pacific Concrete Federal Credit Union HI Hawaii Federal Credit Union
Jul 1, 1985 Farm Bureau Employees Federal Credit Union WY Stagepoint Federal Credit Union
Jul 1, 1985 Commerce Bank of Chesterfield MO Commerce Bank, National Association
Jul 1, 1985 Laredo Mopac Empl Cu TX South Texas Regional Federal Credit Union
Jul 1, 1985 Arco (Harvey) Credit Union IL Illiana Financial Credit Union
Jul 1, 1985 Commerce Bank-North County MO Commerce Bank, National Association
Jul 1, 1985 Columbia Ward Carnegie Pennsylvania Federal Credit Union PA Southwest Communities Federal Credit Union
Jul 1, 1985 Wiregrass Fcu AL Avadian Credit Union
Jul 1, 1985 Bank of Philippine Islands NY Bank of the Philippine Islands
Jul 1, 1985 Local 680 Federal Credit Union NJ Advanced Financial Federal Credit Union
Jul 1, 1985 First Federal Savings and Loan Association VA First American Federal Savings Bank

Serial acquirers active in 1985: Regions Bank (8 in 1985, 110 on record) · NationsBank, National Association (South) (6 in 1985, 49 on record) · AmSouth Bank (5 in 1985, 36 on record) · Fleet National Bank (3 in 1985, 32 on record) · NationsBank of Florida, National Association (2 in 1985, 48 on record) · Wachovia Bank, N.A. (1 in 1985, 63 on record) · First-Citizens Bank & Trust Company (1 in 1985, 61 on record) · First Union National Bank of Florida (1 in 1985, 53 on record) · NationsBank, National Association (1 in 1985, 49 on record) · M&I Marshall and Ilsley Bank (1 in 1985, 48 on record)

The list holds 500 of the 1,032 mergers recorded for 1985.

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