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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
0
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
42
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
Feb 7, 1986 Valencia Bank Placentia, CA $101.1M Barclays Bank of Califor
Feb 7, 1986 Johnson County Bank Tecumseh, NE $20.2M State Bank of Elk Creek
Feb 6, 1986 The Peoples National Bank & Trust Albia, IA $52.0M —
Jan 30, 1986 Bohemian S&LA St. Louis, MO $242.4M United Postal, Sa
Jan 24, 1986 Utah FirstBank Salt Lake City, UT $38.5M Citibank Utah
Jan 24, 1986 Pioneer State Bank Salt Lake City, UT $11.7M Zions First National Ban
Jan 17, 1986 First Progressive Bank Metairie, LA $39.4M First Industrial B&T Co
Jan 17, 1986 American Bank of Casper Casper, WY $20.5M Hilltop National Bank
Jan 10, 1986 Bank of Dixie Lake Providence, LA $41.4M Louisiana Delta Bank
Jan 9, 1986 Manhattan Beach S&LA Manhattan Beach, CA $51.1M —
Jan 9, 1986 First State Bank Cache, OK $20.7M American NB of Lawton
Jan 9, 1986 The First National Bank of White City White City, KS $9.6M Bank of White City

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

Bank events in the 1980s: 1980 · 1981 · 1982 · 1983 · 1984 · 1985 · 1986 · 1987 · 1988 · 1989

Or jump to a category: Failures · Mergers · Enforcement · Assistance