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 8, 1986 | CPD Greenville Federal Credit Union | Spero Financial Federal Credit Union |
| Dec 8, 1986 | Tappan Springfield Empl Cu | The Credit Union for Robertson County |
| Dec 8, 1986 | Royal Employees Credit Union | Quinebaug Valley Federal Credit Union |
| Dec 6, 1986 | Aroostook Trust Company | Maine National Bank |
| Dec 6, 1986 | The Dirigo Bank and Trust Company | Maine National Bank |
| Dec 5, 1986 | Cardinal Mercier Credit Union | Motor City Co-Op Credit Union |
| Dec 4, 1986 | Cedars Employees Credit Union | South Florida Federal Credit Union |
| Dec 4, 1986 | Miners Savings Bank of Pittston | First Eastern Bank, National Association |
| Dec 4, 1986 | Gunter Park Fcu | Max Credit Union |
| Dec 4, 1986 | Union Hospital Federal Credit Union | Cecil County School Employees Federal Credit Union |
| Dec 4, 1986 | The Ludlow National Bank | Citizens Bank and Trust Company |
| Dec 4, 1986 | Mid South Bancshares N C Inc | Peoples Bancorporation |
| Dec 3, 1986 | M U J Credit Union | Rock Valley Credit Union |
| Dec 2, 1986 | Kennedys Piggly Wiggly Credit Union | Beacon Credit Union Incorporated |
| Dec 2, 1986 | National InterCity Bank | Silicon Valley Bank |
| Dec 2, 1986 | The American Bank of Jackson County | Union Planters Bank of Mississippi |
| Dec 2, 1986 | S.G.H. Federal Credit Union | Pittsburgh Central Federal Credit Union |
| Dec 2, 1986 | CNB Financial Corp. | Norwest Indiana, Inc. |
| Dec 2, 1986 | NCH Credit Union | Prime Care Credit Union, Incorporated |
| Dec 2, 1986 | Miami Kyso Cu | Stan-O-Jax Cu |
| Dec 1, 1986 | Sexton Atlanta Empl Cu | Eastern Financial Florida Credit Union, a Division of Space Coast Credit Union |
| Dec 1, 1986 | Upland Savings and Loan Association | Homefed Bank, Federal Association |
| Dec 1, 1986 | The Commercial Bank | NBD Bank, National Association |
| Dec 1, 1986 | Bank of Glenpool | First Bank and Trust Company |
| Dec 1, 1986 | Central New York Federal Credit Union | Utica Community Federal Credit Union |
| Dec 1, 1986 | Global Union Bank | The Hongkong and Shanghai Banking Corporation Limited |
| Dec 1, 1986 | Valley Wholesalers Credit Union | Clearwater Credit Union |
| Dec 1, 1986 | Bohemian Savings Bank | Community First National Bank |
| Dec 1, 1986 | Allis Chalmers Employees Credit Union | Sherwin Williams Employees Credit Union |
| Dec 1, 1986 | American Bank of Richmond | American Bank |
| Dec 1, 1986 | Missouri Rolling Mills Employees Credit Union | West Community Credit Union |
| Dec 1, 1986 | Bank of Boulder Hill | The Merchants National Bank of Aurora |
| Dec 1, 1986 | American Bank of Raytown | American Bank |
| Dec 1, 1986 | R B C Federal Credit Union | Alero Financial Credit Union |
| Dec 1, 1986 | First National Bank of DeSoto County | Deposit Guaranty National Bank |
| Dec 1, 1986 | Bank of Pilot Mountain | The Planters National Bank and Trust Company |
| Dec 1, 1986 | Andrews Bank & Trust Company | NationsBank of South Carolina, National Association |
| Dec 1, 1986 | The Brentwood Bank, Brentwood, Missouri | (unnamed) |
| Dec 1, 1986 | SMW Local #124 Federal Credit Union | Oklahoma Building Trades Federal Credit Union |
| Dec 1, 1986 | Laurel American Bank | American Bank |
| Dec 1, 1986 | American Bank of Higginsville | American Bank |
| Dec 1, 1986 | Chilrossco Credit Union, Inc. | Universal 1 Credit Union, Inc. |
| Dec 1, 1986 | Budd Employees Federal Credit Union | Credit Union One |
| Dec 1, 1986 | Bay CMNTY Cu | Floridacentral Credit Union |
| Dec 1, 1986 | Commercial Bancshares, Inc. | Summit Bancorp. |
| Dec 1, 1986 | Citibanc Holding Company, Inc. | BancFirst Corporation |
| Dec 1, 1986 | Allis Chalmers Credit Union | Community First Credit Union |
| Nov 30, 1986 | Peco Empl Fcu | Alabama Central Credit Union |
| Nov 30, 1986 | Saint John's Baptist Bakersfield Federal Credit Union | Espeeco Federal Credit Union |
| Nov 30, 1986 | Walker Scott Employees Federal Credit Union | North Island Financial Credit Union |
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 |