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.
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.
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 | Acquirer |
|---|---|---|
| Dec 24, 1985 | Security Financial Services, Inc. | Firstar Corporation of Wisconsin |
| Dec 23, 1985 | La Porte City State Bank | Peoples Bank and Trust Company |
| Dec 23, 1985 | HNB Bancorp, Inc. | Boatmen's Bancshares, Inc. of Illinois |
| Dec 20, 1985 | Johnson Products Employees Credit Union | Family Financial Credit Union |
| Dec 20, 1985 | Gee-Tex Cu | Texas Federal Credit Union |
| Dec 20, 1985 | Perpetual Savings and Loan Association | Railroad Savings Bank, F.S.B. |
| Dec 20, 1985 | Service Employees Credit Union | Zeal Credit Union |
| Dec 19, 1985 | Wilson Postal Credit Union | First Carolina People's Credit Union |
| Dec 17, 1985 | The Bank of Oxford | The Colonial Bank of East-Central Alabama |
| Dec 17, 1985 | The Central Lake State Bank | The Central Trust Bank |
| Dec 16, 1985 | Chemical Bank Lake City | Chemical Bank West |
| Dec 16, 1985 | Lear Siegler Sa Cu | Knoxville TVA Employees Credit Union |
| Dec 16, 1985 | Allied Bank of Dallas | First Interstate Bank of Dallas |
| Dec 15, 1985 | Arizona Realtors Credit Union | Arizona Central Credit Union |
| Dec 14, 1985 | First National Bank of Niceville | Barnett Bank of Northwest Florida |
| Dec 14, 1985 | First Alabama Bank of Athens, N. A. | Regions Bank |
| Dec 13, 1985 | FSC Credit Union | Ilwu-FSC Federal Credit Union |
| Dec 13, 1985 | Bank of Boston - Norfolk | Fleet National Bank |
| Dec 9, 1985 | The National Bank of Beaver County | The Century National Bank and Trust Company |
| Dec 9, 1985 | The First National Bank of Midland | The Century National Bank and Trust Company |
| Dec 7, 1985 | AmSouth Bank of Jacksonville | AmSouth Bank |
| Dec 7, 1985 | First Alabama Bank of Lauderdale County | Regions Bank |
| Dec 6, 1985 | The Citizens & Merchants Bank | Citizens Bank and Trust of West Georgia |
| Dec 6, 1985 | North First Bank | Citizens and Southern National Bank of Lee County |
| Dec 6, 1985 | East First National Bank | Citizens and Southern National Bank of Lee County |
| Dec 6, 1985 | The First National Bank in Fort Myers | Citizens and Southern National Bank of Lee County |
| Dec 6, 1985 | First Commercial Bank of Fort Myers | Citizens and Southern National Bank of Lee County |
| Dec 4, 1985 | Oakmont Savings and Loan Association | Transohio Federal Savings Bank |
| Dec 3, 1985 | Security Savings and Loan Association | Sharon Savings Bank Federal Savings Bank |
| Dec 3, 1985 | Home Federal Savings and Loan Association | Republic Savings Bank, FSB |
| Dec 3, 1985 | Brunswick Credit Union | Newaygo County Service Employees Credit Union |
| Dec 3, 1985 | United Bancorporation, Inc. | Midwest Financial Group, Inc. |
| Dec 2, 1985 | Ceramics Employees Federal Credit Union | Pinnacle Federal Credit Union |
| Dec 2, 1985 | Sheraden Bank | First Seneca Bank |
| Dec 2, 1985 | 1st Source Bank of Marshall County | 1st Source Bank |
| Dec 2, 1985 | Farmers State Bank, of Kranzburg, S. D. | First Premier Bank |
| Dec 2, 1985 | Amelia County Federal Credit Union | Virginia Federal Credit Union |
| Dec 2, 1985 | Commercial National Management Consulting Company | Midwest Financial Group, Inc. |
| Dec 2, 1985 | Commercial National Loan Centers Inc | Midwest Financial Group, Inc. |
| Dec 2, 1985 | Heritage Employees Credit Union | Member One Federal Credit Union |
| Dec 1, 1985 | Heritage Bank | M&I Marshall and Ilsley Bank |
| Dec 1, 1985 | Our Lady of Perpetual Help Parish Credit Union | Arsenal Credit Union |
| Dec 1, 1985 | Bank of Central Mississippi | The Citizens Bank of Philadelphia |
| Dec 1, 1985 | Community General Hospital Credit Union | Select Employees Credit Union |
| Dec 1, 1985 | United Financial Savings Bank Federal Savings Bank | Midwest Savings Association Federal Association |
| Dec 1, 1985 | First Citizens National Bank | Bankeast |
| Dec 1, 1985 | The Northwestern Bank | Wachovia Bank, N.A. |
| Dec 1, 1985 | Sun Bank/Sarasota County, National Association | SunTrust Bank, Gulf Coast |
| Dec 1, 1985 | Empire State Bank of Layton | Community First Bank |
| Dec 1, 1985 | Ez Go Fcu | Richmond Community Federal Credit Union |
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
FDIC Open-Bank Assistance in 1985
| Date | Institution | Assets |
|---|---|---|
| Dec 31, 1985 | Home Savings Bank | $413.9M |
| Dec 31, 1985 | Sun FS&LA | $367.5M |
| Dec 20, 1985 | State S&LA of Lubbock | $841.6M |
| Dec 20, 1985 | Brownfield S&LA | $64.7M |
| Dec 2, 1985 | Home FS&LA | $115.3M |
| Dec 2, 1985 | Home FS&LA | $106.7M |
| Dec 2, 1985 | Midland FS&LA | $38.0M |
| Dec 1, 1985 | Citizens FS&LA | $461.4M |
| Nov 25, 1985 | Hi-Plains S&LA | $114.6M |
| Nov 1, 1985 | Lewis FS&LA | $51.9M |
| Oct 28, 1985 | Security Trust S&LA | $28.8M |
| Oct 4, 1985 | Sun S&LA | $231.9M |
| Oct 1, 1985 | Bowery Savings Bank | $5.28B |
| Oct 1, 1985 | Security FS&LA | $169.1M |
| Oct 1, 1985 | Baton Rouge S&LA | $116.0M |
| Sep 27, 1985 | Family FS&LA | $57.1M |
| Sep 27, 1985 | Golden Pacific S&LA | $45.6M |
| Sep 20, 1985 | Glen Ellyn S&LA | $122.1M |
| Sep 6, 1985 | Heights Savings Association | $436.5M |
| Sep 3, 1985 | Citizens FS&LA | $133.8M |
| Aug 16, 1985 | The Commercial Bank | $77.8M |
| Aug 7, 1985 | Butterfield S&LA | $708.3M |
| Aug 1, 1985 | Western Heritage FS&LA | $175.1M |
| Jul 25, 1985 | Bell S&LA | $1.64B |
| Jul 19, 1985 | Flushing FS&LA | $527.7M |
| Jul 1, 1985 | Citizens S&LA | $18.4M |
| Jun 26, 1985 | Century Sa | $91.8M |
| Jun 21, 1985 | Eureka FS&LA | $1.57B |
| Jun 6, 1985 | Southern California S&LA | $1.49B |
| May 31, 1985 | Central S&LA | $2.31B |
| May 31, 1985 | Bank of Oregon | $117.1M |
| May 28, 1985 | First FS&LA of Freeport | $63.3M |
| May 22, 1985 | Home FS&LA | $201.9M |
| May 10, 1985 | First Financial Bank, FSB | $739.4M |
| May 2, 1985 | Capital City FS&LA | $361.2M |
| May 2, 1985 | Northern Virginia S&LA | $237.2M |
| May 2, 1985 | First Federal of Titusville | $162.7M |
| May 1, 1985 | Brighton FS&LA | $91.4M |
| Apr 23, 1985 | Beverly Hills S&LA | $2.92B |
| Jan 1, 1985 | Fidelity S&L | $72.5M |
| Jan 1, 1985 | Peoples S&LA | $15.0M |