Calendar Year

1986 in US Banking

1,187 bank events are on record for 1986: 162 failures, 983 mergers or acquisitions involving a bank, credit union or bank holding company, and 0 enforcement actions.

162

Failures

$15.31B in failed assets

983

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 1986 · Bank mergers 1986

How many banks failed in 1986?

162 banks failed in 1986, with $15.31B in assets. Each failure below links to its own page.

Date	Bank	HQ	Assets	Acquirer or resolution
Dec 19, 1986	Lakeland State Bank	Pequot Lakes, MN	$49.4M	Northern NB of Bemidji
Dec 19, 1986	Farmers State Bank	Lueders, TX	$9.7M	Farmers&merchants NB Mer
Dec 18, 1986	First Bank & Trust Co.	Booker, TX	$94.9M	First NB of Perryton
Dec 18, 1986	Landmark National Bank	Denver, CO	$12.9M	Omnibank Leetsdale
Dec 18, 1986	Lago Vista National Bank	Lago Vista, TX	$11.9M	Greater Texas Bank Leand
Dec 12, 1986	Guaranty Federal Bank FSB	Casper, WY	$63.8M	—
Dec 12, 1986	First Savings of America	Orland Park, IL	$47.0M	—
Dec 9, 1986	The Citizens Bank of Windsor	Windsor, MO	$24.8M	United Mo BK of Warrensb
Dec 5, 1986	Firstsouth FS&LA	Pine Bluff, AR	$1.68B	Home FS&LA
Dec 5, 1986	Cordell National Bank	Cordell, OK	$78.6M	City NB of Weatherford
Dec 4, 1986	Panhandle Bank & Trust Company	Borger, TX	$112.1M	Amarillo National Bank
Dec 4, 1986	Hays State Bank	Hays, KS	$27.8M	Farmers State Bank&trust
Dec 4, 1986	First National Bank of Stewartville	Stewartville, MN	$18.5M	Marquette Bank Rochester
Nov 20, 1986	First National Bank	Willows, CA	$63.0M	First Interstate CNTL Ba
Nov 20, 1986	Norman Bank of Commerce	Norman, OK	$43.5M	First Interstate BK of O
Nov 20, 1986	Texana National Bank of College	College Station, TX	$12.1M	First State Bank in Cald
Nov 14, 1986	The Bank of Northern California	San Jose, CA	$16.1M	Pacific Valley Bank
Nov 14, 1986	First National Bank of Temple	Temple, OK	$7.3M	Union NB of Oklahoma
Nov 13, 1986	The Hoxie State Bank	Hoxie, KS	$35.8M	Prairie State Bank
Nov 7, 1986	Metropolitan Bank & Trust Company	Baton Rouge, LA	$70.1M	Whitney NB of New Orlean
Nov 7, 1986	Chokio State Bank	Chokio, MN	$11.9M	First State Bank Chokio
Nov 6, 1986	The First National Bank & TR Co.	Enid, OK	$100.1M	—
Nov 6, 1986	The Home Bank	Savannah, MO	$39.1M	United Mo Bank of St Jos
Nov 6, 1986	First Stock Yards Bank	St. Joseph, MO	$31.6M	Bank of St Joseph
Nov 6, 1986	The Citizens State Bank	Donna, TX	$27.5M	Raymondville State Bank
Nov 5, 1986	Sedgwick County Bank	Julesburg, CO	$3.8M	First NB of Julesburg
Oct 31, 1986	Republic Bank	Blanchard, LA	$41.7M	American B&T Co in Monro
Oct 23, 1986	Security National Bank	Anchorage, AK	$41.8M	Rainier Bank Alaska N.A.
Oct 23, 1986	Bank of Gering	Gering, NE	$24.2M	First State Bank
Oct 23, 1986	Stillwater Community Bank	Stillwater, OK	$22.6M	Bank National Assn
Oct 17, 1986	Valley State Bank	Baggs, WY	$5.0M	—
Oct 10, 1986	Homestead S&LA	Woodward, OK	$135.0M	—
Oct 10, 1986	Unified Savings Bank	Northridge, CA	$102.8M	—
Oct 9, 1986	Independent National Bank	Covina, CA	$28.3M	Chino Valley Bank
Oct 3, 1986	Columbia Community Bank	Hermiston, OR	$5.3M	Inland Empire Bank
Oct 2, 1986	Missouri Farmers Bank	Mound City, MO	$26.0M	United Mo Bank of St Jos
Oct 2, 1986	Century National Bank	Houston, TX	$15.5M	Sterling Bank Willowbroo
Oct 2, 1986	Frontier National Bank	Vista, CA	$9.9M	Rancho Vista National Ba
Sep 26, 1986	American Bank & Trust Company	Lafayette, LA	$210.9M	Whitney NB of New Orlean
Sep 25, 1986	Heritage National Bank	Richardson, TX	$33.1M	Brookhollow National Ban
Sep 25, 1986	The Home State Bank	La Crosse, KS	$14.7M	Farmers B&T N.A.
Sep 19, 1986	Texas Bank & Trust Company	Lubbock, TX	$39.2M	Republicbank Lubbock N.A.
Sep 18, 1986	Texas Independence Bank	Pasadena, TX	$12.3M	Texas Independence Bank
Sep 12, 1986	Western S&LA	Dallas, TX	$1.96B	Sunbelt Savings, FSB
Sep 12, 1986	Ramona S&LA	Fillmore, CA	$108.1M	Midwest FS&LA of Minneapoli
Sep 10, 1986	Central Bank & Trust of Tulsa	Tulsa, OK	$80.1M	F&M Bank&trust Co
Sep 4, 1986	Western Bank	Midland, TX	$77.4M	United Bank National Ass
Sep 4, 1986	Fairview State Bank of Fairview	Fairview, OK	$24.0M	Community NB of Okarche
Aug 28, 1986	Buena Vista Bank & Trust Company	Buena Vista, CO	$32.8M	—
Aug 28, 1986	Albany State Bank	Albany, MO	$4.7M	United Mo Bank of St Jos

Bank failures by state in 1986: Texas (28) · California (17) · Oklahoma (17) · Kansas (14) · Iowa (11) · Missouri (10) · Louisiana (8) · Wyoming (8) · Colorado (7) · Nebraska (6) · Florida (5) · Minnesota (5) · Utah (4) · Illinois (3) · Alaska (2) · Kentucky (2) · New Mexico (2) · Tennessee (2) · Alabama (1) · Arkansas (1) · Idaho (1) · Indiana (1) · Montana (1) · Ohio (1) · Oregon (1) · Puerto Rico (1) · South Dakota (1) · Washington (1) · Wisconsin (1). Each state page lists every failure on record there.

Which banks merged in 1986?

983 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1986.

See the fuller list: Bank mergers 1986 with largest deals and credit union mergers ›

Date	Acquired	St	Acquirer
Dec 31, 1986	Gresham State Bank	NE	York State Bank
Dec 31, 1986	Newcentury Bank Corporation	MI	First of America Bank Corporation
Dec 31, 1986	Omnibank Corp.	MI	Omnibank Corp.
Dec 31, 1986	Long S Cattle Company	ND	Davidson Cattle Company
Dec 31, 1986	Philadelphia National Capital Corporation	PA	Corestates Financial Corp
Dec 31, 1986	Area Bancshares Corporation	KY	Area Bancshares Corporation
Dec 31, 1986	Blackhawk LTD	WI	Peoples State Bank
Dec 31, 1986	Baxley State Banking Company	GA	Suntrust Banks of Georgia, Inc.
Dec 31, 1986	American Holding Corporation	LA	Great American Corporation
Dec 31, 1986	Ambank Financial Services	LA	Great American Corporation
Dec 31, 1986	American Investment and Management Company	LA	Great American Corporation
Dec 31, 1986	First Palmetto Bancshares Corp.	SC	Truist Financial Corporation
Dec 31, 1986	NS&T Bankshares, Incorporated	DC	Crestar Financial Corporation
Dec 31, 1986	Union Trust Bancorp	MD	Signet Banking Corporation
Dec 31, 1986	Golden City Investment Company	MO	Marshfield Investment Company
Dec 31, 1986	The Lockhart Company	UT	Zions Bancorporation, N.A.
Dec 31, 1986	Baxley State Bank	GA	SunTrust Bank, Southeast Georgia, National Association
Dec 31, 1986	Snow Employees Federal Credit Union	NE	Greater Omaha Federal Credit Union
Dec 31, 1986	Education Employees Federal Credit Union	NY	Tonawanda Valley Federal Credit Union
Dec 31, 1986	First Bank of Lakeland	FL	Southeast Bank, N.A.
Dec 31, 1986	Cherryland Federal Credit Union	MI	4FRONT Credit Union
Dec 31, 1986	Kanawha Banking & Trust Company National Association	WV	United Bank
Dec 31, 1986	Bank of Midville	GA	Queensborough National Bank & Trust Company
Dec 31, 1986	The Citizens National Bank	OH	National City Bank, Northwest
Dec 31, 1986	American Employees Federal Credit Union	IL	Baxter Credit Union
Dec 31, 1986	Centerre Bank of St. Peters National Association	MO	Centerre Bank N.A.
Dec 31, 1986	Citizens B&TC	LA	Louisiana National Bank
Dec 31, 1986	International Harvester Farmall Employees Credit Union	IL	I. H. Mississippi Valley Credit Union
Dec 31, 1986	Farmers Bank & Trust Company	TN	Security Bank and Trust Company
Dec 31, 1986	The Colonial Bank of Alabama	AL	Colonial Bank
Dec 31, 1986	First Palmetto State Bank and Trust Company	SC	Southern National Bank of South Carolina
Dec 31, 1986	The Northern Trust Company of Arizona	AZ	Northern Trust Bank, National Association
Dec 31, 1986	First Midwest Bank/Braidwood	IL	First Midwest Bank/Joliet, National Association
Dec 31, 1986	Denver Sixty-Six Credit Union	CO	Canvas Credit Union
Dec 31, 1986	Capital Bank and Trust	SC	Southern National Bank of South Carolina
Dec 31, 1986	Valley Bank of Coal Valley	IL	Blackhawk Bank & Trust
Dec 31, 1986	First National Bank in Palm Beach	FL	Southeast Bank, N.A.
Dec 31, 1986	The Colonial Bank of North Alabama	AL	Colonial Bank
Dec 31, 1986	The Bridgeville Trust Company	PA	PNC Bank, N.A.
Dec 31, 1986	Atlantic National Bank of Miami	FL	First Union National Bank of Florida
Dec 31, 1986	The Nashville State Bank	IN	Trustcorp Bank Columbus, National Association
Dec 30, 1986	(unnamed)	—	Century North Shore Bank and Trust Company
Dec 30, 1986	Tarheel Bank & Trust Co.	NC	Southern Bank and Trust Company
Dec 30, 1986	The Peoples Corporation Inc of Bishopville	SC	First Citizens Bancorporation, Inc.
Dec 30, 1986	Westport Bank	MO	Merchants Bank
Dec 30, 1986	The Peoples Bank	SC	First Citizens Bank and Trust Company, Inc.
Dec 30, 1986	(unnamed)	—	Merchants Bank
Dec 29, 1986	Third National Bank in Memphis	TN	SunTrust Bank, Nashville, National Association
Dec 29, 1986	Security Holding Company	OK	Second Security Bankshares, Inc.
Dec 29, 1986	Lincoln Federal Savings and Loan Association	KY	Granite Bank, Federal Savings Bank

Serial acquirers active in 1986: Regions Bank (3 in 1986, 110 on record) · First Union National Bank of Florida (2 in 1986, 53 on record) · Colonial Bank (2 in 1986, 47 on record) · Southeast Bank, N.A. (2 in 1986, 42 on record) · Synovus Bank (2 in 1986, 35 on record) · PNC Bank, N.A. (1 in 1986, 57 on record) · NationsBank, National Association (South) (1 in 1986, 49 on record) · NationsBank of Florida, National Association (1 in 1986, 48 on record) · National City Bank of Columbus (1 in 1986, 43 on record) · Florida National Bank (1 in 1986, 36 on record)

The list holds 500 of the 983 mergers recorded for 1986.

FDIC Open-Bank Assistance in 1986

Date	Institution	HQ	Assets
Dec 31, 1986	Lincoln FS&LA	Louisville, KY	$460.8M
Dec 31, 1986	Citizens Bank & Trust Company	Arcadia, LA	$10.4M
Dec 29, 1986	Bank of Kansas City	Kansas City, MO	$114.1M
Dec 22, 1986	St. Louis FS&LA	Clayton, MO	$955.4M
Dec 16, 1986	Barron County FS&LA	Barron, WI	$158.2M
Nov 26, 1986	Bank of Commerce	Morristown, TN	$66.6M
Nov 24, 1986	Bank of Oklahoma, Okla. City, N.A.	Oklahoma City, OK	$468.2M
Nov 21, 1986	Gulf Federal Savings Bank	Metairie, LA	$499.1M
Nov 21, 1986	First Security S&LA	Grand Junction, CO	$55.2M
Oct 31, 1986	Family FS&LA	Saginaw, MI	$338.9M
Oct 23, 1986	Farmers FS&LA	Ravenswood, WV	$131.3M
Oct 23, 1986	First State S&LA	Spartansburg, SC	$78.8M
Oct 1, 1986	Republic Savings Bank	South Beloit, IL	$56.8M
Sep 19, 1986	Cal America S&LA	Walnut Creek, CA	$413.0M
Sep 11, 1986	De Vargas S&LA Bank	Santa Fe, NM	$19.1M
Aug 30, 1986	Mid Valley Bank	Omak, WA	$39.1M
Aug 29, 1986	Citizens FS&LA	Cleveland, OH	$434.8M
Aug 29, 1986	Dollar Savings Bank	Columbus, OH	$334.3M
Aug 29, 1986	First Sa of Kilgore	Kilgore, TX	$21.6M
Aug 27, 1986	Reserve S&LA	Witchita, KS	$21.5M
Aug 15, 1986	State Bank of Westphalia	Westphalia, KS	$4.8M
Aug 1, 1986	National Permanent Bank FSB	Washington, DC	$1.03B
Jul 23, 1986	Lincoln S&LA	Portland, OR	$261.7M
Jul 18, 1986	Sun S&LA	San Diego, CA	$370.9M
Jul 14, 1986	Atlas S&LA	San Francisco, CA	$76.4M
Jul 9, 1986	Equitable FSB	Lancaster, OH	$691.5M
Jun 27, 1986	The State S&L Co.	Euclid, OH	$381.7M
Jun 27, 1986	Citizens Home Savings Company	Lorain, OH	$156.1M
Jun 6, 1986	Mountain Security SB	Wytheville, VA	$125.3M
Jun 6, 1986	First of Montgomery County	Blacksburg, VA	$14.5M
Apr 30, 1986	Washington First FS&LA	St. Louis, MO	$57.5M
Apr 16, 1986	The Talmage State Bank	Talmage, KS	$9.3M
Apr 14, 1986	Columbus S&LA	San Rafael, CA	$271.5M
Apr 14, 1986	First American S&LA	Benton, IL	$80.6M
Mar 28, 1986	United Bank, SSB	San Francisco, CA	$590.2M
Mar 20, 1986	First FS&LA of Redding	Redding, CA	$39.6M
Mar 20, 1986	Hacienda FS&LA	Oxnard, CA	$34.5M
Mar 14, 1986	Mercury S&LA of Texas	Wichita Falls, TX	$664.0M
Mar 14, 1986	Ben Milam S&LA	Cameron, TX	$306.0M
Feb 7, 1986	Coronado FS&LA	Kansas City, KS	$12.7M
Jan 31, 1986	Great West S&LA	Las Vegas, NV	$52.1M
Jan 2, 1986	First FS&LA	Ashtabula, OH	$52.8M

Browse adjacent years: 1985 · 1987

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