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 |
|---|---|---|
| Nov 30, 1986 | Republic Credit Union | Entertainment Capital Federal Credit Union |
| Nov 30, 1986 | The Oberlin Bank Company | The Central Trust Company of Northern Ohio, National Association |
| Nov 30, 1986 | Handyman Employees Federal Credit Union | Kearny Mesa Financial Credit Union |
| Nov 30, 1986 | I F and M Employees Federal Credit Union | LTV Steel Employees Federal Credit Union |
| Nov 30, 1986 | Golden State Federal Credit Union | Oceanair Federal Credit Union |
| Nov 30, 1986 | Oberlin Bancshares, Inc. | PNC Banc Corporation, Ohio |
| Nov 30, 1986 | Continental Bancshares, Inc. | F.W.M.G. |
| Nov 29, 1986 | Indiana First National Bank | Bank One, Southern Indiana, National Association |
| Nov 29, 1986 | Alliance Bancorp | Merchants National Corporation |
| Nov 28, 1986 | US Bancorp | Merchants National Corporation |
| Nov 28, 1986 | Farmers State Corporation | Merchants National Corporation |
| Nov 28, 1986 | First Affiliated Bancorporation, Inc. | M&I LLC |
| Nov 26, 1986 | Eagle Savings Association | AmeriTrust Company National Association |
| Nov 26, 1986 | Saint Charles Parish Credit Union, Inc. | Trupartner Credit Union, Inc. |
| Nov 24, 1986 | The Franklin Bank | Society Bank |
| Nov 24, 1986 | Bank of Oklahoma, Oklahoma City, National Association | BOKF, N.A. |
| Nov 24, 1986 | First Coolidge Corporation | Colonial General, Inc. |
| Nov 22, 1986 | United Bank of Indiana, National Association | Citizens Fidelity Bank and Trust Company Clark County |
| Nov 22, 1986 | United Jersey Bank/Southwest | United Jersey Bank/South, National Association |
| Nov 22, 1986 | Trustcorp Company, National Association | Trustcorp Company |
| Nov 21, 1986 | Sterling Industrial Bank | Colorado Savings Bank, FSB |
| Nov 21, 1986 | Morgan Industrial Bank | Colorado Savings Bank, FSB |
| Nov 21, 1986 | Citizens Bancgroup & Co. | Cardinal Bancorp, Inc. |
| Nov 20, 1986 | Rex Madison Federal Credit Union | Business and Industrial Federal Credit Union |
| Nov 20, 1986 | Saint Marys Empl Fcu | Guardians Credit Union |
| Nov 19, 1986 | Rocky Mountain Natural Gas Company Employees Credit Union | Nuvista Federal Credit Union |
| Nov 19, 1986 | Filmco Credit Union | Wings Credit Union |
| Nov 19, 1986 | Rocky Mountain Credit Union | Minnequa Works Credit Union |
| Nov 19, 1986 | Prca Profund Credit Union | Wings Credit Union |
| Nov 17, 1986 | Western Union Employees Credit Union | Iowa National Guard Credit Union |
| Nov 15, 1986 | La Jolla Pacific Savings Bank | California Federal Bank, a Federal Savings Bank |
| Nov 15, 1986 | Continental Division Federal Credit Union | Tech Credit Union |
| Nov 15, 1986 | First American Bank | Synovus Bank |
| Nov 15, 1986 | Colorado Insurance Employees Federal Credit Union | Rocky Mountain Federal Credit Union |
| Nov 14, 1986 | Saint Bernard Area Fcu | Claver Federal Credit Union |
| Nov 14, 1986 | Noland Road Mercantile Bank | (unnamed) |
| Nov 14, 1986 | Bridgeport Machines Credit Union | B.M.G. Credit Union, Inc. |
| Nov 14, 1986 | Mercantile Regional Bank | (unnamed) |
| Nov 14, 1986 | Mercantile National Bank of Clay County | (unnamed) |
| Nov 10, 1986 | Centerre Bank Northland National Association | Centerre Bank of Kansas City National Association |
| Nov 10, 1986 | Centerre Bank of Independence National Association | Centerre Bank of Kansas City National Association |
| Nov 8, 1986 | Pacific Western Bank | KeyBank National Association |
| Nov 8, 1986 | Citizens Valley Bank | KeyBank National Association |
| Nov 8, 1986 | The First National Bank of McMinnville | KeyBank National Association |
| Nov 8, 1986 | Hood River County Bank | KeyBank National Association |
| Nov 8, 1986 | PacWest Bancorp | Key Pacific Bancorp |
| Nov 7, 1986 | The First Bank | First Security Bank |
| Nov 7, 1986 | Factory Service Maintenance Federal Credit Union | Century Heritage Federal Credit Union |
| Nov 7, 1986 | North Coast Credit Union, Inc. | Pse Credit Union, Inc. |
| Nov 6, 1986 | Fierro Federal Credit Union | Fort Bayard Federal 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 |