Calendar Year
1986 in US Banking
1,347 bank events are on record for 1986: 162 failures, 1,128 mergers or acquisitions involving a bank, credit union or bank holding company, and 15 enforcement actions.
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.
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?
1,128 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 | Acquirer |
|---|---|---|
| Oct 24, 1986 | Red Lion School Employees Credit Union | York Educational Federal Credit Union |
| Oct 24, 1986 | Falstaff Brewing Corporation Credit Union | Greater Omaha Federal Credit Union |
| Oct 24, 1986 | Namsco Credit Union, Inc. | Huntington C & O Railway Employees Federal Credit Union |
| Oct 24, 1986 | Farmers Federal Savings and Loan Association | Bank of the Hudson |
| Oct 24, 1986 | First State Savings and Loan Association, F.A. | Bank of the Hudson |
| Oct 24, 1986 | Meps-Nacogdoches Employees Federal Credit Union | East Texas Professional Credit Union |
| Oct 23, 1986 | O.S.P. Employees Credit Union, Inc. | Community Star Credit Union, Inc. |
| Oct 23, 1986 | Unb Bancshares Inc | James Madison Limited |
| Oct 23, 1986 | Bremen Bancorp, Inc. | Heritage Financial Services, Inc. |
| Oct 21, 1986 | Supreme Sugar Fcu | Iberville Federal Credit Union |
| Oct 19, 1986 | Atlantic Savings and Loan Association | Peoples Bank & Trust Company |
| Oct 18, 1986 | Jeff Davis Bank | Southeastern Bank |
| Oct 18, 1986 | Jeff Davis Bancshares, Inc. | Southeastern Banking Corporation |
| Oct 16, 1986 | Linford Credit Union | Salt Lake City Credit Union |
| Oct 11, 1986 | National City Bank, Marion | National City Bank of Columbus |
| Oct 11, 1986 | Fidelity Bank of Southfield | Fidelity Bank |
| Oct 11, 1986 | Fidelity Bank of Bingham Farms | Fidelity Bank |
| Oct 10, 1986 | C Reiss Coal Employees Credit Union | Sunrise Credit Union |
| Oct 9, 1986 | Rheem No Cu | Metrocare Federal Credit Union |
| Oct 8, 1986 | Milwaukee Sanitarium Foundation Employees Credit Union | Appletree Credit Union |
| Oct 8, 1986 | O L M H Employees Federal Credit Union | S M H Federal Credit Union |
| Oct 7, 1986 | Local 527 Fcu | Phenix Federal Credit Union |
| Oct 6, 1986 | Burt Employees Federal Credit Union | B F G Federal Credit Union |
| Oct 6, 1986 | Repsco Employees Federal Credit Union | Oil Capital Community Credit Union |
| Oct 6, 1986 | First Midwest Bank/Lakehurst | First Midwest Bank/Zion |
| Oct 4, 1986 | United Coin Services Federal Credit Union | Resource One Credit Union |
| Oct 3, 1986 | Alaska Teamsters Federal Credit Union | Denali Federal Credit Union |
| Oct 3, 1986 | White Rock CMNTY Cu | Garland Credit Union |
| Oct 2, 1986 | Consolidated Public Employees Federal Credit Union | Campco Federal Credit Union |
| Oct 2, 1986 | Extension Credit Union | Wvu Employees Federal Credit Union |
| Oct 2, 1986 | Olph Bay Ridge Federal Credit Union | System #1 Federal Credit Union |
| Oct 2, 1986 | Inexco Credit Union | Houston Area Central Credit Union |
| Oct 2, 1986 | Thunderbird Capital Corporation | M&I LLC |
| Oct 2, 1986 | M&I Thunderbird Acquisition Corp. | M&I LLC |
| Oct 1, 1986 | Citizens State Bank | Vistar Bank |
| Oct 1, 1986 | Lincoln Bank East | Vistar Bank |
| Oct 1, 1986 | Sun Bank/Martin County, National Association | Suntrust Bank, Treasure Coast, National Association |
| Oct 1, 1986 | Leedex Federal Credit Union | Alero Financial Credit Union |
| Oct 1, 1986 | Alofs Employees Credit Union | Allied Employers Credit Union |
| Oct 1, 1986 | Fermangh Building & Loan Association | Hill Financial Savings Association |
| Oct 1, 1986 | Home Bank, Federal Savings Bank | Home Bank Federal Savings Association |
| Oct 1, 1986 | Denver Credit Union of U.P. Employees | San Isabel Federal Credit Union |
| Oct 1, 1986 | Mansfield Journal Company Employee Federal Credit Union | Empire Affiliates Credit Union |
| Oct 1, 1986 | Packard Federal Credit Union | Dupage Credit Union |
| Oct 1, 1986 | Tripifoods Federal Credit Union | Empire One Federal Credit Union |
| Oct 1, 1986 | The Bessemer National Bank | First of America Bank - Gogebic, National Association |
| Oct 1, 1986 | Friendly Service Credit Union | Otis Federal Credit Union |
| Oct 1, 1986 | Gilsonite Federal Credit Union | Rio Grande Federal Credit Union |
| Oct 1, 1986 | Bread & Butter Reserve Cooperative Credit Union | Oneaz Credit Union |
| Oct 1, 1986 | Citizens Bank of Michigan City, Indiana | Horizon 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) · 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) · Synovus Bank (1 in 1986, 35 on record)
The list holds 500 of the 1,128 mergers recorded for 1986.
Enforcement Actions in 1986
FDIC Open-Bank Assistance in 1986
| Date | Institution | Assets |
|---|---|---|
| Dec 31, 1986 | Lincoln FS&LA | $460.8M |
| Dec 31, 1986 | Citizens Bank & Trust Company | $10.4M |
| Dec 29, 1986 | Bank of Kansas City | $114.1M |
| Dec 22, 1986 | St. Louis FS&LA | $955.4M |
| Dec 16, 1986 | Barron County FS&LA | $158.2M |
| Nov 26, 1986 | Bank of Commerce | $66.6M |
| Nov 24, 1986 | Bank of Oklahoma, Okla. City, N.A. | $468.2M |
| Nov 21, 1986 | Gulf Federal Savings Bank | $499.1M |
| Nov 21, 1986 | First Security S&LA | $55.2M |
| Oct 31, 1986 | Family FS&LA | $338.9M |
| Oct 23, 1986 | Farmers FS&LA | $131.3M |
| Oct 23, 1986 | First State S&LA | $78.8M |
| Oct 1, 1986 | Republic Savings Bank | $56.8M |
| Sep 19, 1986 | Cal America S&LA | $413.0M |
| Sep 11, 1986 | De Vargas S&LA Bank | $19.1M |
| Aug 30, 1986 | Mid Valley Bank | $39.1M |
| Aug 29, 1986 | Citizens FS&LA | $434.8M |
| Aug 29, 1986 | Dollar Savings Bank | $334.3M |
| Aug 29, 1986 | First Sa of Kilgore | $21.6M |
| Aug 27, 1986 | Reserve S&LA | $21.5M |
| Aug 15, 1986 | State Bank of Westphalia | $4.8M |
| Aug 1, 1986 | National Permanent Bank FSB | $1.03B |
| Jul 23, 1986 | Lincoln S&LA | $261.7M |
| Jul 18, 1986 | Sun S&LA | $370.9M |
| Jul 14, 1986 | Atlas S&LA | $76.4M |
| Jul 9, 1986 | Equitable FSB | $691.5M |
| Jun 27, 1986 | The State S&L Co. | $381.7M |
| Jun 27, 1986 | Citizens Home Savings Company | $156.1M |
| Jun 6, 1986 | Mountain Security SB | $125.3M |
| Jun 6, 1986 | First of Montgomery County | $14.5M |
| Apr 30, 1986 | Washington First FS&LA | $57.5M |
| Apr 16, 1986 | The Talmage State Bank | $9.3M |
| Apr 14, 1986 | Columbus S&LA | $271.5M |
| Apr 14, 1986 | First American S&LA | $80.6M |
| Mar 28, 1986 | United Bank, SSB | $590.2M |
| Mar 20, 1986 | First FS&LA of Redding | $39.6M |
| Mar 20, 1986 | Hacienda FS&LA | $34.5M |
| Mar 14, 1986 | Mercury S&LA of Texas | $664.0M |
| Mar 14, 1986 | Ben Milam S&LA | $306.0M |
| Feb 7, 1986 | Coronado FS&LA | $12.7M |
| Jan 31, 1986 | Great West S&LA | $52.1M |
| Jan 2, 1986 | First FS&LA | $52.8M |