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 |
|---|---|---|
| Aug 30, 1986 | The Washington National Bank | United Southwest Bank |
| Aug 29, 1986 | Peninsula Newspaper Credit Union | Langley Federal Credit Union |
| Aug 29, 1986 | Dollar Savings Association | Transohio Federal Savings Bank |
| Aug 29, 1986 | Citizens Federal Savings and Loan Association of Cleveland | Transohio Federal Savings Bank |
| Aug 29, 1986 | State Bank of Greentown | Ameritrust Bank, Howard County |
| Aug 28, 1986 | Reserve Savings and Loan Association | Mid-Continent Federal Savings Bank |
| Aug 27, 1986 | Asarco Employees Federal Credit Union | Pinnacle Federal Credit Union |
| Aug 27, 1986 | Revere Credit Union | Horizon Credit Union |
| Aug 26, 1986 | Demuth Employees Credit Union | West Virginia Central Federal Credit Union |
| Aug 25, 1986 | First State Bank of Alabama | Regions Bank |
| Aug 25, 1986 | FSB Bancorporation | Regions Financial Corporation |
| Aug 22, 1986 | Crawco School Employees Federal Credit Union | Goverment Employees of Crawford County Federal Credit Union |
| Aug 18, 1986 | First American Bank of Brandon | Bremer Bank, N.A. |
| Aug 18, 1986 | The Savings, Building and Loan Company | First Federal Savings Association of Toledo |
| Aug 16, 1986 | State Journal Employees Credit Union | Capcom Credit Union |
| Aug 16, 1986 | Rural Financial Services, Inc. | F & M Financial Services Corporation |
| Aug 15, 1986 | Coronado Federal Savings and Loan Association | Commercial Federal Bank, a Federal Savings Bank |
| Aug 15, 1986 | The Dime Bank of Northwest Ohio | Sky Bank-Mid AM Region |
| Aug 12, 1986 | Heritage FS&LA | American Pioneer Federal Savings Bank |
| Aug 11, 1986 | Chicago Nickel Plate Federal Credit Union | Finans Federal Credit Union |
| Aug 11, 1986 | Farmers and Merchants Bank of Memphis, Missouri | 1st Cameron State Bank |
| Aug 8, 1986 | BankCenter One/St. Charles | Bankcenter One |
| Aug 8, 1986 | East Prowers Federal Credit Union | Fellowship Credit Union |
| Aug 6, 1986 | Saint Fabians Credit Union | Suburban Family Credit Union |
| Aug 4, 1986 | Merchants and Miners Bank of Webb City | Mercantile Bank of Western Missouri |
| Aug 4, 1986 | Toledo Office B U C Federal Credit Union | A P Federal Credit Union |
| Aug 4, 1986 | Jefferson Federal Savings and Loan Association | Fleet National Bank |
| Aug 4, 1986 | Community National Mercantile Bank | Mercantile Bank of Western Missouri |
| Aug 4, 1986 | YBM Employees Credit Union, Inc. | Seven Seventeen Credit Union Inc |
| Aug 1, 1986 | Farmers & Traders Bank | Citizens Union Bank of Shelbyville |
| Aug 1, 1986 | Madison Savings Bank | PNC Bank, Ohio, National Association |
| Aug 1, 1986 | Citizen Savings and Loan, Federal Association | Union Federal Savings Bank |
| Aug 1, 1986 | First Federal Savings & Loan Association of Canton | Home Federal Bank |
| Aug 1, 1986 | Wolohan Employees Federal Credit Union | Jolt Credit Union |
| Aug 1, 1986 | Regional Transit Employees Credit Union | The Golden 1 Credit Union |
| Aug 1, 1986 | Thrift Federal Savings and Loan Association of Cleveland | Charter One Bank, National Association |
| Aug 1, 1986 | Oceanic Financial Federal Credit Union | Cypress West Federal Credit Union |
| Aug 1, 1986 | Ekco-Wheeling Employees Federal Credit Union | Greater Wayne Community Federal Credit Union |
| Aug 1, 1986 | First National Bank of Smithfield | The Planters National Bank and Trust Company |
| Aug 1, 1986 | Kelly-Fay Federal Credit Union | Bragg Mutual Federal Credit Union |
| Aug 1, 1986 | Lucerne Federal Credit Union | Brewer Federal Credit Union |
| Aug 1, 1986 | Bloom Municipal Employees Federal Credit Union | Chicagoland Credit Union |
| Aug 1, 1986 | Three Ten Credit Union | Alltru Federal Credit Union |
| Aug 1, 1986 | Cambion Credit Union | Metro Credit Union |
| Aug 1, 1986 | Peoples Bank of Mississippi, N.A. | Eastover BK SVG |
| Aug 1, 1986 | Security Bank Oakland County | First of America Bank-Security |
| Aug 1, 1986 | Rochester Federal Savings and Loan Association | Peoples Home Savings Bank |
| Aug 1, 1986 | Tomah Veterans Administration Community Credit Union | R I A Federal Credit Union |
| Aug 1, 1986 | Clairton City Federal Credit Union | Clairton Works Federal Credit Union |
| Aug 1, 1986 | Inryco Employees Credit Union | Appletree 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 |