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 |
|---|---|---|
| Oct 1, 1985 | Castle Credit Union | Travis Credit Union |
| Oct 1, 1985 | Delta Savings and Loan Association | Cincinnati Federal |
| Oct 1, 1985 | Colonial Savings Bank | Frankford Trust Company |
| Oct 1, 1985 | St. Nazianz State Bank | Bank First, N.A. |
| Oct 1, 1985 | Standard Financial Corporation | Sterling Bancorp |
| Oct 1, 1985 | Mountain Credit | MontroseBank |
| Sep 30, 1985 | Lebanon Schools Federal Credit Union | Triangle Credit Union, Inc. |
| Sep 30, 1985 | Amtrust Federal Credit Union | Hawaiian Financial Federal Credit Union |
| Sep 30, 1985 | Gallipolis Savings and Loan Association | Civic Federal Savings Bank |
| Sep 30, 1985 | Alaska Feminist Federal Credit Union | Denali Federal Credit Union |
| Sep 30, 1985 | Ua #51 Federal Credit Union | United Trades Federal Credit Union |
| Sep 30, 1985 | Port of Portland Employees Credit Union | NW Priority Credit Union |
| Sep 30, 1985 | Gocal Federal Credit Union | Chevron Valley Credit Union |
| Sep 30, 1985 | Englewood Federal Credit Union | Arapahoe Credit Union |
| Sep 30, 1985 | C C G Plant 65 Federal Credit Union | New Directions Community Credit Union |
| Sep 30, 1985 | Central State Savings and Loan Association, Federal Association | Colonial Central Savings Bank, Federal Savings Bank |
| Sep 30, 1985 | Evergreen Savings and Loan Association | AnchorBank, FSB |
| Sep 30, 1985 | The Citizens Bank and Trust Company of Glastonbury | The Connecticut Bank and Trust Company, N.A. |
| Sep 30, 1985 | The Peoples Bankcorp | First National Bancorp |
| Sep 28, 1985 | Suburban State Bank | Security Pacific Bank Washington, N.A. |
| Sep 28, 1985 | National Bank and Trust Company of Gloucester County | First Fidelity Bank, National Association, South Jersey |
| Sep 28, 1985 | Seminole Govt Empl Fcu | Fairwinds Credit Union |
| Sep 28, 1985 | Family Federal Savings and Loan Association | Columbia First Bank, a Federal Savings Bank |
| Sep 28, 1985 | Burlington Marine Bank | Bank One, Elkhorn, National Association |
| Sep 26, 1985 | Great Lakes Cu | Northeast Community Credit Union |
| Sep 25, 1985 | Etonic Employees Federal Credit Union | Dirigo Federal Credit Union |
| Sep 25, 1985 | Times Journal Credit Union | Bay Atlantic Federal Credit Union |
| Sep 25, 1985 | Firstul Mortgage Company | Liberty Bancorp, Inc. |
| Sep 23, 1985 | Pabst Newark Federal Credit Union | Pinnacle Federal Credit Union |
| Sep 23, 1985 | Gravois Bancorp, Inc. | Gravois Bancorp, Inc. |
| Sep 21, 1985 | (unnamed) | Regions Bank |
| Sep 20, 1985 | Bank of Boston - Essex, National Association | Fleet National Bank |
| Sep 16, 1985 | Bank of Summerton | The National Bank of South Carolina |
| Sep 16, 1985 | PCB Federal Credit Union | Pathfinder Federal Credit Union |
| Sep 14, 1985 | Dominion Bank of the Cumberlands, National Association | First Union National Bank of Virginia |
| Sep 14, 1985 | Marine Bank South, National Association | Marine Bank South, National Association |
| Sep 13, 1985 | The State Bank of Parsons | Commercial Bank |
| Sep 12, 1985 | Jenkins Bros Employees Credit Union | McKesson Federal Credit Union |
| Sep 10, 1985 | Protective Savings & Loan Association | Sharon Bank |
| Sep 10, 1985 | Riverside Land Company | M&I Bank of Beloit |
| Sep 9, 1985 | Saint Jules Fcu | Barksdale Federal Credit Union |
| Sep 9, 1985 | Rutland Health Services Credit Union | Heritage Family Federal Credit Union |
| Sep 3, 1985 | Richmond Community Federal Credit Union | Indiana Members Credit Union |
| Sep 3, 1985 | Cyclotherm Employees Federal Credit Union | Oswego County Federal Credit Union |
| Sep 3, 1985 | Bakerstown Savings and Loan Association | Northwest Bank |
| Sep 3, 1985 | N T C O Credit Union | Pioneer Credit Union |
| Sep 3, 1985 | Suncoast Medical Prof Cu | Alive Credit Union |
| Sep 3, 1985 | Centran Corporation | KeyCorp |
| Sep 2, 1985 | Local 87 P & S Federal Credit Union | Doy Federal Credit Union |
| Sep 2, 1985 | Suburban Savings and Loan Association | Ameribanc Savings Bank, FSB |
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 |