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.
| Date | Bank | Assets |
|---|---|---|
| Feb 7, 1986 | Valencia Bank | $101.1M |
| Feb 7, 1986 | Johnson County Bank | $20.2M |
| Feb 6, 1986 | The Peoples National Bank & Trust | $52.0M |
| Jan 30, 1986 | Bohemian S&LA | $242.4M |
| Jan 24, 1986 | Utah FirstBank | $38.5M |
| Jan 24, 1986 | Pioneer State Bank | $11.7M |
| Jan 17, 1986 | First Progressive Bank | $39.4M |
| Jan 17, 1986 | American Bank of Casper | $20.5M |
| Jan 10, 1986 | Bank of Dixie | $41.4M |
| Jan 9, 1986 | Manhattan Beach S&LA | $51.1M |
| Jan 9, 1986 | First State Bank | $20.7M |
| Jan 9, 1986 | The First National Bank of White City | $9.6M |
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 |
|---|---|---|
| Dec 23, 1986 | Southern National Bank of Broward County | Florida National Bank |
| Dec 23, 1986 | Barnett Bank of Southwest Florida, National Association | Barnett Bank of Southwest Florida |
| Dec 23, 1986 | St Louis Federal Savings and Loan Association | Granite Bank, Federal Savings Bank |
| Dec 23, 1986 | The Bank of Leland | Union Planters Bank of Mississippi |
| Dec 23, 1986 | NBG Financial Corporation | Merchants National Corporation |
| Dec 22, 1986 | Waukesha Motor Employees Credit Union | Appletree Credit Union |
| Dec 22, 1986 | The Citizens National Bank of Big Run | Keystone National Bank |
| Dec 22, 1986 | Ryerson Employees Credit Union | First Metropolitan Credit Union |
| Dec 22, 1986 | Southern Bank and Trust Company | The Coastal Bank |
| Dec 22, 1986 | Sun Bank/Flagler County, National Association | SunTrust Bank, East Central Florida |
| Dec 22, 1986 | The Miners National Bank of Shenandoah | Heritage National Bank |
| Dec 22, 1986 | Missouri Pacific Credit Union | St. Louis Community Credit Union |
| Dec 22, 1986 | Southern Bank Holding Company | Coastal Bankshares, Inc. |
| Dec 20, 1986 | Peoples State Bank | First National Bank of Warsaw |
| Dec 20, 1986 | Federated Bank of Chebanse | Federated Bank |
| Dec 20, 1986 | Timber Community Bank | First Interstate Bank of Oregon, National Association |
| Dec 20, 1986 | Seaway National Bank | Fleet Bank |
| Dec 20, 1986 | Macon Capital Corporation | Alabama National Bancorporation |
| Dec 18, 1986 | Post Times Empl Fcu | Gold Coast Federal Credit Union |
| Dec 17, 1986 | Bristeel Federal Credit Union | Bellwood Federal Credit Union |
| Dec 17, 1986 | Vitro Federal Credit Union | Signal Financial Federal Credit Union |
| Dec 17, 1986 | Angola State Bancorp | Norwest Indiana, Inc. |
| Dec 16, 1986 | Bank of Meigs | Cairo Banking Company |
| Dec 16, 1986 | Portland Maine City Employees Federal Credit Union | GMP Credit Union |
| Dec 15, 1986 | Mount Hood Security Bank | Rainier Bank Oregon, National Association |
| Dec 15, 1986 | Westel Federal Credit Union | Mia Federal Credit Union |
| Dec 15, 1986 | South Metro Area Credit Union | Columbine Federal Credit Union |
| Dec 15, 1986 | Forsyth County Bank | Wachovia Bank of Georgia, National Association |
| Dec 15, 1986 | The Citizens Bank | The Wayne County National Bank of Wooster |
| Dec 15, 1986 | Reynolds County Savings Bank | Town & Country Bank |
| Dec 15, 1986 | Brookside Hospital Employees Credit Union | First Metropolitan Credit Union |
| Dec 15, 1986 | Iron Savings & Loan Association | D&N Bank |
| Dec 15, 1986 | The Hartley National Bank of Bedford | Mid-State Bank and Trust Company |
| Dec 15, 1986 | The Island Bank | First Union National Bank of Florida |
| Dec 15, 1986 | Mercantile Bank of Marble Hill | Mercantile Bank Stoddard/Bollinger Counties |
| Dec 15, 1986 | Forsyth Bancshares, Inc. | Wachovia Corporation of Georgia |
| Dec 13, 1986 | The Colonial Bank of East-Central Alabama | The Colonial Bank of East-Central Alabama |
| Dec 13, 1986 | First Citizens Bank of Alabama | Regions Bank |
| Dec 13, 1986 | Prince Georges Municipal Employees Federal Credit Union | Fedchoice Federal Credit Union |
| Dec 13, 1986 | Kemco Credit Union | T L C Community Credit Union |
| Dec 13, 1986 | First Laporte Financial Corp. | First of America Bank Corporation - Indiana |
| Dec 12, 1986 | Armira Corporation Credit Union | American Family Financial Service Credit Union |
| Dec 12, 1986 | Hudson State Bank | Mercantile Bank of Eastern Iowa |
| Dec 12, 1986 | Northland Credit Union | Summit Credit Union |
| Dec 11, 1986 | Gateway National Bank | Gateway Bank |
| Dec 10, 1986 | Sanborns Federal Credit Union | Truchoice Federal Credit Union |
| Dec 10, 1986 | Arkansas State Bankcorporation, Inc. | Arkansas State Bankshares, Inc. |
| Dec 9, 1986 | Northwest Suburban Bancorp, Inc. | FNW Bancorp, Inc. |
| Dec 8, 1986 | First Federal Savings Bank | People's United Bank, National Association |
| Dec 8, 1986 | The First National Bank of Gurdon | (unnamed) |
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 |