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 |
|---|---|---|
| Oct 1, 1986 | Statewide Credit Union | I B E W Plus Credit Union |
| Oct 1, 1986 | The Allentown S & La of Allentown | United Savings & Loan Association of Trenton, F.A. |
| Oct 1, 1986 | American Bank of Princeton | American Bank of North Central Missouri |
| Oct 1, 1986 | The United Bank | Bank One, Dover, National Association |
| Oct 1, 1986 | Pratt-Read Employees Credit Union | Community Service Credit Union Incorporated |
| Oct 1, 1986 | Leader Federal Savings & Loan Association | Boston Federal Savings Bank |
| Oct 1, 1986 | Maribel-Whitelaw Bank | Denmark State Bank |
| Oct 1, 1986 | Continental Northwest Credit Union | Gateway Credit Union |
| Oct 1, 1986 | Outboard Marine Corporation Employees Credit Union | Heritage Credit Union |
| Oct 1, 1986 | Oxford Miami Employees Federal Credit Union | Countywide Federal Credit Union |
| Oct 1, 1986 | L Fish Employees Credit Union | Archer Heights Credit Union |
| Oct 1, 1986 | Perry Hilltop Federal Credit Union | Pittsburgh Central Federal Credit Union |
| Oct 1, 1986 | Sun Bank of St. Lucie County | Suntrust Bank, Treasure Coast, National Association |
| Oct 1, 1986 | Hub City Community Federal Credit Union | Rochelle Community Federal Credit Union |
| Oct 1, 1986 | Central Federal Savings Bank of PR | Caguas-Central Federal Savings Bank of Puerto Rico |
| Oct 1, 1986 | Illini Community Hospital Employees Credit Union | Healthcare Associates Credit Union |
| Oct 1, 1986 | The Bank of the Delta | Community Bank, Indianola, National Association |
| Oct 1, 1986 | Boatmen's Bank of South Raytown | Boatmen's Raytown Bank |
| Oct 1, 1986 | Taylors Employees Credit Union | L&N Federal Credit Union |
| Oct 1, 1986 | Gulfside National Bank | The Citizens and Peoples National Bank of Pensacola |
| Oct 1, 1986 | General Isco Credit Union | Arsenal Credit Union |
| Oct 1, 1986 | Asarco Omaha Federal Credit Union | Centris Federal Credit Union |
| Oct 1, 1986 | Rocky Mountain State Bank of Bountiful | Rocky Mountain State Bank |
| Oct 1, 1986 | American Bank of Marceline | American Bank of North Central Missouri |
| Oct 1, 1986 | Riceville Bank | The First National Bank and Trust Company Athens, Tennessee |
| Oct 1, 1986 | Royal Spring Federal Credit Union | The Health & Education Federal Credit Union |
| Oct 1, 1986 | Florida Public Utilities Employees Credit Union | Guardians Credit Union |
| Oct 1, 1986 | First American Bank of Hampshire | First American Bank |
| Oct 1, 1986 | BCGH Federal Credit Union | United Maryland Employees Federal Credit Union |
| Oct 1, 1986 | E S Employees Federal Credit Union | Phoenix Federal Credit Union |
| Oct 1, 1986 | Saranac Employees Federal Credit Union | Ufirst Federal Credit Union |
| Oct 1, 1986 | Kewaunee County Community Cu | Harbor Credit Union |
| Oct 1, 1986 | Community Cooperative Credit Union | Valley Credit Union |
| Oct 1, 1986 | Construction Crafts Federal Credit Union | Nusenda Federal Credit Union |
| Oct 1, 1986 | Bancorp of Pennsylvania | Dauphin Deposit Corporation |
| Oct 1, 1986 | Finance Ohio Company | Ohio Bancorp |
| Oct 1, 1986 | LTC Bancorp | WM Bancorp |
| Oct 1, 1986 | Georgia State Bankshares, Inc. | First Union Corporation of Georgia |
| Oct 1, 1986 | GNB Bankshares, Inc. | WM Bancorp |
| Oct 1, 1986 | Camden Financial Corporation | Salin Bancshares, Inc. |
| Oct 1, 1986 | Trinity Credit Union | Chicago First Credit Union |
| Sep 30, 1986 | West Georgia Bank of Tallapoosa, Georgia | Citizens Bank and Trust of West Georgia |
| Sep 30, 1986 | San Bruno City Employees Credit Union | Monterra Credit Union |
| Sep 30, 1986 | Georgia-Pacific Resins Federal Credit Union | Sound Credit Union |
| Sep 30, 1986 | Ozark Health Employees Federal Credit Union | Uark Federal Credit Union |
| Sep 30, 1986 | North Coast Savings and Loan Association | Atlantic Financial Federal Savings Bank |
| Sep 30, 1986 | Dakota Bank of Wahpeton | Dakota Bank and Trust Company of Fargo |
| Sep 30, 1986 | National Cosmetology Federal Credit Union | Technology Groups Federal Credit Union |
| Sep 30, 1986 | Mental Health Employees Federal Credit Union | Louisville Medical Center Federal Credit Union |
| Sep 30, 1986 | Alconco Federal Credit Union | Va New England 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 |