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

Enforcement

OCC, FDIC, FRB, OTS and SEC 8-K filings

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
Oct 17, 1985	United National Bank	SD	First Premier Bank
Oct 16, 1985	Bank of Osseo	WI	United Bank
Oct 15, 1985	Blue River Bank	NE	Cornerstone Bank
Oct 15, 1985	The First National Bank of Bradshaw	NE	Cornerstone Bank
Oct 15, 1985	Rocky Mount City Employees Credit Union	NC	Civic Federal Credit Union
Oct 15, 1985	Farmers & Traders Bank	NE	Cornerstone Bank
Oct 15, 1985	Howard W Sams Federal Credit Union	IN	Indiana Members Credit Union
Oct 15, 1985	Ellenville Savings Bank	NY	Pawling Savings Bank
Oct 12, 1985	Prairie Farms Dairy Employees Credit Union	IL	Redbrand Credit Union
Oct 12, 1985	First Alabama Bank of Phenix City, N. A.	AL	Regions Bank
Oct 11, 1985	SunBank of South Dakota	SD	First Premier Bank
Oct 10, 1985	Sanford Muni Empl Cu	FL	Seminole Schools Federal Credit Union
Oct 10, 1985	Turner Dairies Cu	AL	Americas First Federal Credit Union
Oct 8, 1985	The First Community Bank-Winfield	WV	Peoples State Bank, National Association
Oct 8, 1985	The First Community Bank-Winfield	WV	(unnamed)
Oct 7, 1985	Cobble Chattanooga Cu	TN	Scenic Community Credit Union
Oct 7, 1985	Jersey City Civil Service Emp Federal Credit Union	NJ	Liberty Savings Federal Credit Union
Oct 7, 1985	Pioneer Credit Union of Quinter	KS	Golden Plains Credit Union
Oct 7, 1985	Medical Center Jersey City Federal Credit Union	NJ	Liberty Savings Federal Credit Union
Oct 4, 1985	Peoples Bank of Hillsborough County	FL	Citizens and Southern Bank of Tampa
Oct 4, 1985	First County Bank	FL	Citizens and Southern Bank of Tampa
Oct 3, 1985	Ohio Lumbermens Association Credit Union	OH	Universal 1 Credit Union, Inc.
Oct 1, 1985	Norwest Bank Norfolk, National Association	NE	Wells Fargo Bank Nebraska, National Association
Oct 1, 1985	Norwest Bank Omaha West	NE	Wells Fargo Bank Nebraska, National Association
Oct 1, 1985	(unnamed)	—	Wells Fargo Bank Nebraska, National Association
Oct 1, 1985	Columbia Valley Bank	WA	Cashmere Valley Bank
Oct 1, 1985	Pascagoula-Moss Point Bank	MS	Hancock Whitney Bank
Oct 1, 1985	The First National Bank of Smithton	IL	Magna Bank of Freeburg
Oct 1, 1985	The First National Bank of Coatesville	IN	Mid State Bank of Hendricks County
Oct 1, 1985	Lay Empl SVG & Loan Cu	GA	SharePlus Bank
Oct 1, 1985	Norwest Bank Grand Island, National Association	NE	Wells Fargo Bank Nebraska, National Association
Oct 1, 1985	The Arcanum National Bank	OH	Greenville National Bank
Oct 1, 1985	Citizens First National Bank of Hernando County	FL	(unnamed)
Oct 1, 1985	Norwest Bank Hastings, National Association	NE	Wells Fargo Bank Nebraska, National Association
Oct 1, 1985	Agh Empl Cu	GA	Excel Federal Credit Union
Oct 1, 1985	Mexico-Audrain Credit Union	MO	United Credit Union
Oct 1, 1985	United Bank, Inc.	WV	United Bank
Oct 1, 1985	Brookhaven Bank and Trust Company	MS	Trustmark Bank
Oct 1, 1985	The Mountain Trust Company	VT	Chittenden Trust Company
Oct 1, 1985	Medical Complex Cu	TN	Ten Credit Union
Oct 1, 1985	Bay City Times Credit Union	MI	Wildfire Credit Union
Oct 1, 1985	MBank Houston Southeast	TX	MBank Gulf Freeway, National Association
Oct 1, 1985	Union Central National Bank	WV	United Bank
Oct 1, 1985	United States Catholic Conference Federal Credit Union	DC	Ep Federal Credit Union
Oct 1, 1985	Bank of Lake Oswego	OR	United States National Bank of Oregon
Oct 1, 1985	First American National Bank of Chattanooga	TN	First American National Bank
Oct 1, 1985	Western Wayne Catholic Credit Union	MI	Wayne-Westland Federal Credit Union
Oct 1, 1985	Tastemark Credit Union	MO	Volt Credit Union
Oct 1, 1985	M&I Bank of Jamestown	WI	M&I Bank of Hilldale
Oct 1, 1985	Bosco Cu	TX	Resource One 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

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

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