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 |
|---|---|---|
| Jul 30, 1985 | Umdnj Federal Credit Union | North Jersey Federal Credit Union |
| Jul 30, 1985 | Catawba County Employees Credit Union | Civic Federal Credit Union |
| Jul 30, 1985 | Guaranty Bancshares, Inc. | Premier Bancorp, Incorporated |
| Jul 29, 1985 | Jeannette Glass Federal Credit Union | Kennametal Employees Federal Credit Union |
| Jul 29, 1985 | Rome Municipal Employees Federal Credit Union | Rome Federal Credit Union |
| Jul 25, 1985 | Lawrence Federal Savings Association | Columbia Savings Association, F.A. |
| Jul 25, 1985 | South Bronx Federal Credit Union | Bethex Federal Credit Union |
| Jul 23, 1985 | Afco Empl Cu | Tip of Texas Federal Credit Union |
| Jul 22, 1985 | Forsyth Interim Bank | Bank South, Macon |
| Jul 22, 1985 | Independent Bank - South Michigan | Independent Bank - South Michigan |
| Jul 22, 1985 | Citizens National Bank of Follansbee | WesBanco Bank, Inc. |
| Jul 20, 1985 | First Virginia Bank - Hanover | First Virginia Bank - Colonial |
| Jul 20, 1985 | Deposit Bank & Trust Company, Pleasureville, Kentucky | Republic Savings Bank, FSB |
| Jul 20, 1985 | First Virginia Bank - Eastern Shore | First Virginia Bank - Hampton Roads |
| Jul 19, 1985 | Avondale Lafayette Empl Fcu | Alatrust Credit Union |
| Jul 19, 1985 | Opelika MFG Fcu | Alatrust Credit Union |
| Jul 19, 1985 | Bank of Boston - Middlesex | Fleet National Bank |
| Jul 19, 1985 | Schwenkesville Building & Loan Association | Bally Savings Bank |
| Jul 19, 1985 | Peoples Bank Building Co. | Bank of America-Alaska, National Association |
| Jul 18, 1985 | Cedar Key State Bank | Barnett Bank of Marion County, National Association |
| Jul 18, 1985 | Pittsburg Bancshares, Inc. | Fourth Financial Corporation |
| Jul 18, 1985 | M-L Bancshares, Inc. | Fourth Financial Corporation |
| Jul 18, 1985 | Salina Bancshares, Inc. | Fourth Financial Corporation |
| Jul 18, 1985 | Olathe Bancshares, Inc. | Fourth Financial Corporation |
| Jul 17, 1985 | State Bank of Boyd | Valley Bank, Menomonie |
| Jul 17, 1985 | Schmidt Oil Employees Credit Union | Fox Communities Credit Union |
| Jul 16, 1985 | Coppes Federal Credit Union | Chiphone Federal Credit Union |
| Jul 16, 1985 | Capital City Federal Savings and Loan Association | Meritor Savings Bank, F.A. |
| Jul 16, 1985 | Viroqua Bancshares, Inc. | The Baraboo Bancorporation, Inc. |
| Jul 15, 1985 | Boyd's Credit Union | Arsenal Credit Union |
| Jul 15, 1985 | Hurst National Bank | Bank of North Texas |
| Jul 13, 1985 | Unity Loan and Building Company | Amerifirst Bank, National Association |
| Jul 13, 1985 | The Whitefield Savings Bank & Trust Company | Indian Head Bank North |
| Jul 12, 1985 | Kolux Employees Federal Credit Union | Kokomo Heritage Federal Credit Union |
| Jul 12, 1985 | Wisconsin State Bank | First Bank Southeast of Lake Geneva, National Association |
| Jul 11, 1985 | Farmers Bank of Sunbury | First-Citizens Bank & Trust Company |
| Jul 11, 1985 | First State Bancorporation | Charter Holding Company, Inc. |
| Jul 10, 1985 | Quality Cu | Florida Credit Union |
| Jul 10, 1985 | Frank Foundry Employees Federal Credit Union | Primetrust Financial Federal Credit Union |
| Jul 10, 1985 | Newton Securities Inc | M&I LLC |
| Jul 10, 1985 | Heritage Wisconsin Corporation | M&I LLC |
| Jul 9, 1985 | Center Place Savings Credit Union | United Consumers Credit Union |
| Jul 8, 1985 | St. Anthony of Padua Federal Credit Union | Bethex Federal Credit Union |
| Jul 3, 1985 | Rockville City Employees Federal Credit Union | Skypoint Federal Credit Union |
| Jul 2, 1985 | Htu No 14 Federal Credit Union | Susquehanna Valley Federal Credit Union |
| Jul 2, 1985 | City Federal Credit Union | United Financial Services Federal Credit Union |
| Jul 2, 1985 | Inpaco Employees Federal Credit Union | American Heritage Federal Credit Union |
| Jul 2, 1985 | Iymba Federal Credit Union | Northwood Federal Credit Union |
| Jul 2, 1985 | Pittston Pa Postal Employees Federal Credit Union | Corner Post Federal Credit Union |
| Jul 2, 1985 | Saia Employees Federal Credit Union | Pennsylvania Central 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 |