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 5, 1986 | Nettle Creek Industries Federal Credit Union | Indiana Members Credit Union |
| Nov 3, 1986 | The American National Bank and Trust Company of Michigan | Old Kent Bank-Southwest |
| Nov 3, 1986 | Trinidad U.S. Industrial Bank | Pueblo U.S. Industrial Bank |
| Nov 3, 1986 | Salem Texaco Federal Credit Union | Ambraw Federal Credit Union |
| Nov 3, 1986 | The American Bank of Niles, National Association | Old Kent Bank-Southwest |
| Nov 3, 1986 | First State Bank of Dwight | First Nebraska Bank |
| Nov 3, 1986 | The American National Bank in Portage | Old Kent Bank-Southwest |
| Nov 1, 1986 | Dollar Savings and Loan Association | First Federal Savings and Loan Association of Pittsburgh |
| Nov 1, 1986 | Sun Bank/Citrus County, National Association | Suntrust Bank, Nature Coast |
| Nov 1, 1986 | Scott County-Canco Federal Credit Union | Centra Credit Union |
| Nov 1, 1986 | Farmers & Merchants Bank | NationsBank of South Carolina, National Association |
| Nov 1, 1986 | Blanco Community Federal Credit Union | Animas Credit Union |
| Nov 1, 1986 | The Gwinn State Savings Bank | Wells Fargo Bank Michigan, National Association |
| Nov 1, 1986 | Northeast National Bank | Bank of New England, N.A. |
| Nov 1, 1986 | Commodore Credit Union | First Community Credit Union |
| Nov 1, 1986 | The Peoples Bank of Stafford | Jefferson National Bank |
| Nov 1, 1986 | C E Employees Credit Union | Regional Federal Credit Union |
| Nov 1, 1986 | Wickes Federal Credit Union | Alero Financial Credit Union |
| Nov 1, 1986 | Downey State Bank | Ireland Bank |
| Nov 1, 1986 | Plow & Planter Employees Credit Union | Vibrant Credit Union |
| Nov 1, 1986 | Bank of Redmond | Puget Sound Bank |
| Nov 1, 1986 | Lackawanna Linen Supply Emp Federal Credit Union | First Financial Federal Credit Union |
| Nov 1, 1986 | First Wyoming Bank, N.A.-SHERIDAN | Key Bank of Wyoming - 2 North Main, Sheridan, Wyoming 82801 |
| Nov 1, 1986 | The Bank of Seattle | Puget Sound Bank |
| Nov 1, 1986 | Union National Bank of Kansas City | Union Bank |
| Nov 1, 1986 | Forest Products Credit Union | Members Cooperative Credit Union |
| Nov 1, 1986 | Kansas City Post Office Employees Credit Union | Communications Credit Union |
| Nov 1, 1986 | O.P.E.I.U. Local #11 Federal Credit Union | Ibew & United Workers Federal Credit Union |
| Nov 1, 1986 | Commercial Bank of Hollywood | Commercial Bank & Trust Company |
| Nov 1, 1986 | World Insurance Employees Credit Union | First Nebraska Credit Union |
| Nov 1, 1986 | Family Federal Savings and Loan Association | Heritage Federal Savings Bank |
| Nov 1, 1986 | The West Northside Loan and Savings Company | The Winton Savings and Loan Company |
| Nov 1, 1986 | First Blair County National Bank of Tyrone | Mid-State Bank and Trust Company |
| Nov 1, 1986 | Motion Picture Editors Federal Credit Union | Actors Federal Credit Union |
| Nov 1, 1986 | Sherman Banc Shares, Inc. | Illini Corporation |
| Nov 1, 1986 | Continental Bank of Canada | Lloyds Bank Canada |
| Oct 31, 1986 | Grand Junction U.S. Industrial Bank | 5STAR Bank |
| Oct 31, 1986 | Tri County Automotive Credit Union | Lake Huron Credit Union |
| Oct 31, 1986 | Influential Savings & Loan Association | Bell Federal Savings Bank |
| Oct 31, 1986 | Lincoln Area Electric Employees Credit Union | Cooperative Choice Network Credit Union |
| Oct 31, 1986 | Corydon State Bancorp | CSB Bancshares, Inc. |
| Oct 31, 1986 | Cabell County Employees Credit Union | Huntington C & O Railway Employees Federal Credit Union |
| Oct 30, 1986 | Central FL BLDRS Exchange Cu | Addition Financial Credit Union |
| Oct 30, 1986 | Bienville Fcu | Mobile Security Federal Credit Union |
| Oct 30, 1986 | Stevensville Bancshares, Inc. | Harlem Corporation |
| Oct 29, 1986 | First Savings Company of Norfolk | BankFirst |
| Oct 28, 1986 | Sport-Craft Empl Fcu | Tree Capital Credit Union |
| Oct 28, 1986 | Marison Employees Credit Union | Kane County Teachers Credit Union |
| Oct 28, 1986 | Richmond County Empl Federal Credit Union | Csra Federal Credit Union |
| Oct 25, 1986 | Southwest Methodist Federal Credit Union | Security Service 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 |