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 |
|---|---|---|
| Sep 30, 1986 | M-F-W Credit Union | Pennsylvania Central Federal Credit Union |
| Sep 30, 1986 | Security National Corporation | Signet Banking Corporation |
| Sep 29, 1986 | News Page Federal Credit Union | Central Credit Union of Maryland |
| Sep 29, 1986 | Ancient Age Employees Federal Credit Union | Lexington Blue Grass Federal Credit Union |
| Sep 29, 1986 | Westchester Savings and Loan Association | HSBC Bank USA, N.A. |
| Sep 29, 1986 | Foremost Thrift Federal Credit Union | Select Federal Credit Union |
| Sep 25, 1986 | Lake Hiawatha Federal Credit Union | Garden Savings Federal Credit Union |
| Sep 25, 1986 | Nhca Employees Federal Credit Union | Niagara Frontier State Employees Federal Credit Union |
| Sep 25, 1986 | Security National Bank | Bank of New England, N.A. |
| Sep 23, 1986 | Greece Central School District Credit Union | Greece Community Federal Credit Union |
| Sep 23, 1986 | Srce Federal Credit Union | Allsouth Federal Credit Union |
| Sep 23, 1986 | N. D. S. Federal Credit Union | Colonial N.J. Federal Credit Union |
| Sep 22, 1986 | St. Marks (Montclair) Federal Credit Union | L'Oreal USA Federal Credit Union |
| Sep 20, 1986 | Shelby State Bank | Regions Bank |
| Sep 19, 1986 | Van Huffel Fcu | Oil Region Federal Credit Union |
| Sep 18, 1986 | First State Bank of Albertville | The Colonial Bank of North Alabama |
| Sep 17, 1986 | Passaic County Employees Credit Union | North Jersey Federal Credit Union |
| Sep 16, 1986 | Jersey City Post Office Cu | Liberty Savings Federal Credit Union |
| Sep 15, 1986 | Western Savings Association | Western Federal Savings & Loan Association |
| Sep 15, 1986 | Citicorp Person-To-Person Financial Center of Utah | Citibank (Utah) |
| Sep 15, 1986 | Industrial Valley Bank and Trust Company | First Fidelity Bank, National Association, Pennsylvania |
| Sep 15, 1986 | Stanadyne Chicago Credit Union | Dynamic Credit Union |
| Sep 15, 1986 | The Oak Mound Bank | Community Bank & Trust |
| Sep 11, 1986 | Sun Fcu | Florida USA Federal Cu |
| Sep 9, 1986 | Mount Blue Federal Credit Union | Franklin-Somerset Federal Credit Union |
| Sep 9, 1986 | J & L Polishing Federal Credit Union | Pittsburgh Central Federal Credit Union |
| Sep 8, 1986 | Dakota State Bank, of Tripp, South Dakota | First State Bank |
| Sep 5, 1986 | Cannon Mills Company Employees Federal Credit Union | Southern Select Community Cu |
| Sep 4, 1986 | The First National Bank of Howard | Commonwealth Bank |
| Sep 4, 1986 | Concor Federal Credit Union | Best Reward Federal Credit Union |
| Sep 3, 1986 | Terrebonne Parish Police Jury Emp Cu | First Industrial Federal Credit Union |
| Sep 2, 1986 | Citizens Savings and Loan Association | Investors Federal Savings Bank |
| Sep 2, 1986 | Sedalia Mo Pac Employees Credit Union | Central Missouri Community Credit Union |
| Sep 2, 1986 | Lloyds Bank California | United California Bank |
| Sep 1, 1986 | Fannin County Bank | NationsBank, National Association (South) |
| Sep 1, 1986 | Montclair Public Employees Federal Credit Union | Arrowhead Federal Credit Union |
| Sep 1, 1986 | Capital City Products Employees Credit Union, Inc. | Bmi Federal Credit Union |
| Sep 1, 1986 | Danville Telco Federal Credit Union | Urw Community Federal Credit Union |
| Sep 1, 1986 | Saint Anthony Depadua Federal Credit Union | Healthcare Associates Credit Union |
| Sep 1, 1986 | North Idaho Electronics Credit Union | Public Employees Credit Union |
| Sep 1, 1986 | Abex Employees Credit Union | Winchester Community Federal Credit Union |
| Sep 1, 1986 | Gentel Credit Union, Inc. | Alero Financial Credit Union |
| Sep 1, 1986 | Rock Island Area School Credit Union | I. H. Mississippi Valley Credit Union |
| Sep 1, 1986 | Phillips County Federal Credit Union | United Montana Federal Credit Union |
| Aug 31, 1986 | Smith Valve Employees Federal Credit Union | Tremont Credit Union |
| Aug 31, 1986 | Technicare Federal Credit Union | B F G Federal Credit Union |
| Aug 30, 1986 | The Fidelity Bank of Indiana | NBD Bank, National Association |
| Aug 30, 1986 | United Bank of Southpark, N.A. | Norwest Bank Littleton, National Association |
| Aug 30, 1986 | Bank of West Virginia | One Valley Bank, National Association |
| Aug 30, 1986 | Virginia Mutual Employees Federal Credit Union | Richmond Heritage 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 |