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 |
|---|---|---|
| Sep 1, 1985 | North Florida Federal Creidt Union | Suwannee River Federal Credit Union |
| Sep 1, 1985 | The Lewis State Bank | (unnamed) |
| Sep 1, 1985 | Swift Sioux City Employees Credit Union | Telco Triad Community Credit Union |
| Sep 1, 1985 | Liberty High Court Iof Federal Credit Union | Jovia Financial Federal Credit Union |
| Sep 1, 1985 | Gulf Oil Empl Cu | Georgia United Credit Union |
| Sep 1, 1985 | The First American Bank of Pensacola | (unnamed) |
| Sep 1, 1985 | The First National Bank of Kissimmee | (unnamed) |
| Sep 1, 1985 | First National Bank of Lakeland | (unnamed) |
| Sep 1, 1985 | The First National Bank of Winter Haven | (unnamed) |
| Sep 1, 1985 | Lake County Bank | (unnamed) |
| Sep 1, 1985 | Cox Cmntns Empl Cu | Associated Credit Union |
| Sep 1, 1985 | Citizens Bank and Trust Company | (unnamed) |
| Sep 1, 1985 | Citizens First National Bank of Citrus County | (unnamed) |
| Sep 1, 1985 | United Bank of Colorado Springs | Norwest Bank Colorado Springs, National Association |
| Sep 1, 1985 | Altamaha Area Federal Credit Union | Geovista Federal Credit Union |
| Sep 1, 1985 | Glenolden Savings & Loan Association | Elmwood Federal Savings Bank |
| Sep 1, 1985 | The First National Bank in Punta Gorda | (unnamed) |
| Sep 1, 1985 | Lee County Bank | (unnamed) |
| Sep 1, 1985 | Citizens First National Bank of Crystal River | (unnamed) |
| Sep 1, 1985 | Tennessee Eastern Bancshares, Inc. | Sovran Financial Corporation/Central South |
| Aug 31, 1985 | First National Bank of Alabama-Huntsville | AmSouth Bank |
| Aug 31, 1985 | Washington Loan & Banking Company | First Union Bank of Augusta |
| Aug 31, 1985 | City National Bank of Dothan | AmSouth Bank |
| Aug 31, 1985 | The First National Bank of Mobile | AmSouth Bank |
| Aug 31, 1985 | (unnamed) | Colonial Bank |
| Aug 31, 1985 | Gould-Oxnard Federal Credit Union | Pacific Oaks Federal Credit Union |
| Aug 31, 1985 | Mta Credit Union | Century Bank and Trust Company |
| Aug 31, 1985 | First National Bank of Eufaula | AmSouth Bank |
| Aug 31, 1985 | B.E.S.T. Credit Union | Financial Plus Credit Union |
| Aug 31, 1985 | (unnamed) | National Bank of Commerce of Birmingham |
| Aug 31, 1985 | First Community National Bank | First Community National Bank |
| Aug 31, 1985 | Lacco Employees Federal Credit Union | Am Federal Credit Union |
| Aug 31, 1985 | Golden West Broadcasters Federal Credit Union | First Entertainment Credit Union |
| Aug 31, 1985 | Henderson Firestone Steel Employees Federal Credit Union | Green River Area Federal Credit Union |
| Aug 31, 1985 | Firstgulf Bancorp | Amsouth Bancorporation |
| Aug 31, 1985 | First Lafayette Bancorp, Inc. | Louisiana Banc One Corporation |
| Aug 30, 1985 | Fireside Federal Savings and Loan Association | Republic Federal Savings Bank |
| Aug 30, 1985 | Citizens Federal Savings and Loan Association of Matteson | Republic Federal Savings Bank |
| Aug 26, 1985 | Stake Federal Credit Union | Westreet Federal Credit Union |
| Aug 26, 1985 | Alliance Federal Savings & Loan Association | Bay Savings Bank FSB |
| Aug 24, 1985 | First State Savings of Wisconsin | First Financial Bank |
| Aug 24, 1985 | First Financial Savings and Loan Association | First Financial Bank |
| Aug 24, 1985 | Huntington Trust & Savings Bank | Bank One, West Virginia, National Association |
| Aug 23, 1985 | The Bancstock Partnership, Ltd. | Inwood Bancshares, Inc. |
| Aug 20, 1985 | Military Road Federal Credit Union | Tonawanda Community Federal Credit Union |
| Aug 20, 1985 | Loves Bakery Federal Credit Union | Hawaii Central Federal Credit Union |
| Aug 17, 1985 | Easton National Bank and Trust Company | Merchants Bank, National Association |
| Aug 16, 1985 | Palm State Bank | Citizens and Southern National Bank of St. Petersburg |
| Aug 16, 1985 | Gulf Coast Bank of Pinellas | Citizens and Southern National Bank of St. Petersburg |
| Aug 16, 1985 | United Banks of Wisconsin, Inc. | Valley-Capital Corporation |
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 |