Skip to main content

Calendar Year

1987 in US Banking

1,459 bank events are on record for 1987: 217 failures, 1,196 mergers or acquisitions involving a bank, credit union or bank holding company, and 1 enforcement action.

217
Failures
$15.82B in failed assets
1,196
Mergers
Federal Reserve NIC, banking organizations
1
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
45
Assistance
FDIC open-bank assistance

Jump to: Bank failures 1987 · Bank mergers 1987

How many banks failed in 1987?

217 banks failed in 1987, with $15.82B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Dec 18, 1987 First State Bank at Shoshoni Shoshoni, WY $4.6M First STB of Thermopolis
Dec 17, 1987 Usbank Denton, TX $86.0M United National Bank
Dec 17, 1987 Bank of Mabank Mabank, TX $43.8M First State Bank
Dec 17, 1987 American Bank of Commerce Lake Charles, LA $35.5M National BK Com Lake Cha
Dec 11, 1987 First Interstate Bank of Alaska Anchorage, AK $367.7M National Bank of Alaska
Dec 11, 1987 Lewis and Clark State Bank Lake Oswego, OR $20.3M Key Bank of Oregon
Dec 10, 1987 Heritage National Bank Austin, TX $53.2M Community National Bank
Dec 10, 1987 Bancfirst-Austin, N.A. Austin, TX $25.3M Texas Capital Bank-Fort
Dec 10, 1987 Louisiana Bank & Trust Company Crowley, LA $18.5M Evangeline Bank&trust Co
Dec 10, 1987 American Bank in Louisiana Morgan City, LA $15.0M St Mary Bank&trust Co
Dec 10, 1987 The First National Bank in Rhome Rhome, TX $9.2M Continental State Bank
Dec 3, 1987 The Farmers National Bank of Cordell Cordell, OK $62.3M First NB of Weatherford
Dec 3, 1987 State Bank of Commerce Slidell, LA $49.2M Peoples B&T Co of St Ber
Dec 3, 1987 The Peoples Bank Olive Hill, KY $40.9M Commercial Bank of Grays
Dec 3, 1987 Crofton State Bank Crofton, NE $11.6M Farmers&merchants STB BL
Dec 3, 1987 Madison Bank & Trust Company Richmond, LA $9.7M Guaranty B&T Co of Delhi
Dec 3, 1987 Center State Bank Center, NE $8.4M Farmers&merchants STB BL
Dec 3, 1987 First State Bank Oakdale, NE $5.6M First United Bank
Dec 3, 1987 Climbing Hill Savings Bank Climbing Hill, IA $5.4M First Trust&savings Bank
Dec 3, 1987 State Bank of Jansen Jansen, NE $5.0M Security NB of Superior
Nov 19, 1987 The Peoples Bank and Trust of Iberia Paris New Iberia, LA $79.1M New Iberia Bank
Nov 19, 1987 Republic Bank Oklahoma City, OK $49.1M First NB in Bartlesville
Nov 19, 1987 The Alexander State Bank Alexander, KS $9.2M —
Nov 19, 1987 The Timken State Bank Timken, KS $3.1M —
Nov 13, 1987 Tri-County S&LA Camden, NJ $36.5M First American Savings F.A.
Nov 13, 1987 West Texas State Bank of Canyon Canyon, TX $20.4M First NB of Amarillo
Nov 10, 1987 Middle Park Bank Granby, CO $34.9M Bank of Kremmling
Nov 10, 1987 Bank of Winter Park Winter Park, CO $24.4M Bank of Aspen
Nov 10, 1987 Tri-State National Bank Belle Fourche, SD $10.7M First Western Bank Sturg
Oct 30, 1987 Capital Bank & Trust Co. Baton Rouge, LA $384.4M Sunburst Bank
Oct 30, 1987 American Security Bank North Platte, NE $27.1M North Platte National Ba
Oct 30, 1987 Delta Pacific Bank Pittsburg, CA $17.7M Central Bank
Oct 23, 1987 Sierra S&LA Gardnerville, NV $12.1M —
Oct 22, 1987 Alaska National Bank of the North Fairbanks, AK $203.1M National Bank of Alaska
Oct 22, 1987 Western National Bank Bryan, TX $22.7M First State Bank in Cald
Oct 22, 1987 First State Bank of Bovina Bovina, TX $20.1M First Bank of Muleshoe
Oct 22, 1987 New World National Bank Pittsburgh, PA $14.7M Lincoln National Bank
Oct 21, 1987 Pioneer Bank of Fountain Fountain, CO $12.7M Green Mountain Bank
Oct 20, 1987 Topeka Savings Association Topeka, KS $112.5M —
Oct 16, 1987 Yankee Bank for Finance & Saving Boston, MA $525.5M Boston Five Cents SB FSB
Oct 15, 1987 First California Savings Bank San Fernando, CA $220.6M —
Oct 15, 1987 Citizens Bank of Ray Ray, ND $11.7M First NB&T Co of Willist
Oct 15, 1987 American National Bank of Afton Afton, WY $11.4M Star Valley State Bank
Oct 8, 1987 The First National Bank of Brush Brush, CO $20.9M First Security Bank
Oct 8, 1987 United Services Bank Hartshorne, OK $15.3M First NB&T Co of McAlest
Oct 8, 1987 Citizens Bank of Krebs Krebs, OK $14.7M First NB&T Co of McAlest
Oct 2, 1987 State Bank of Greenwald Greenwald, MN $23.3M Rural American BK Greenw
Oct 1, 1987 Western Bank-Westheimer Houston, TX $260.6M Charter NB Houston
Oct 1, 1987 Western Bank-Westwood, N.A. Houston, TX $44.2M Texas Commerce Bank N.A.
Oct 1, 1987 Western Bank-North Wilcrest, N.A Houston, TX $41.1M Texas Commerce Bank N.A.

Which banks merged in 1987?

1,196 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1987.

See the fuller list: Bank mergers 1987 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 31, 1987 First National Bank of Riverlands LA First National Bank
Dec 31, 1987 Lyon County Teachers Federal Credit Union KS Emporia State Federal Credit Union
Dec 31, 1987 First RepublicBank Greenspoint TX First Republicbank Houston N.A.
Dec 31, 1987 First RepublicBank Nassau Bay, National Association TX First Republicbank Houston N.A.
Dec 31, 1987 Empire of America-Texas FSB TX Empire Federal Savings Bank of America
Dec 31, 1987 First RepublicBank San Felipe, National Association TX First Republicbank Houston N.A.
Dec 31, 1987 Burnham Empl Ca Fcu GA Members Alliance Federal Credit Union
Dec 31, 1987 United Grocers and Associates Credit Union MO United Consumers Credit Union
Dec 31, 1987 First Industrial Bank & Trust Company LA First National Bank
Dec 31, 1987 First RepublicBank Kingwood, National Association TX First Republicbank Houston N.A.
Dec 31, 1987 The Commercial National Bank and Trust Company of Laurel MS Trustmark Bank
Dec 31, 1987 First Northtown National Bank MN U.S. Bank National Association
Dec 31, 1987 First National Bank of Burnsville MN U.S. Bank National Association
Dec 31, 1987 Ban Pro Corporation MI Old Kent Bank-Southwest
Dec 31, 1987 Old National Bancorporation WA U.S. Bancorp
Dec 31, 1987 First Southdale National Bank of Edina MN U.S. Bank National Association
Dec 31, 1987 Financial Management Bancshares of West Va Inc WV One Valley Bancorp, Inc.
Dec 31, 1987 First Bank White Bear Lake, National Association MN U.S. Bank National Association
Dec 31, 1987 First RepublicBank Braes Bayou, National Association TX First Republicbank Houston N.A.
Dec 31, 1987 First Plymouth National Bank MN U.S. Bank National Association
Dec 31, 1987 Mercantile Bancorp, Inc. WV Mountaineer Bankshares of W. Va., Inc.
Dec 31, 1987 Northwestern Comm Fcu GA Georgia United Credit Union
Dec 31, 1987 First RepublicBank Spring Branch TX First Republicbank Houston N.A.
Dec 31, 1987 First Bank (National Association) - Lake MN U.S. Bank National Association
Dec 31, 1987 Empire of America-California, FSB CA Empire Federal Savings Bank of America
Dec 31, 1987 First RepublicBank Baytown TX First Republicbank Houston N.A.
Dec 31, 1987 Second Timmon Fcu FL Martin Federal Credit Union
Dec 31, 1987 First RepublicBank Post Oak TX First Republicbank Houston N.A.
Dec 31, 1987 First Bank Grand, National Association MN U.S. Bank National Association
Dec 31, 1987 First RepublicBank Eldridge, National Association TX First Republicbank Houston N.A.
Dec 31, 1987 First Bank East, National Association MN U.S. Bank National Association
Dec 31, 1987 Valley National Corporation OR U.S. Bancorp
Dec 31, 1987 First Edina National Bank MN U.S. Bank National Association
Dec 31, 1987 Ahmanson Trust Company CA Trust Services of America, Inc.
Dec 31, 1987 First Bank Robbinsdale, National Association MN U.S. Bank National Association
Dec 31, 1987 Century Bank LA First National Bank
Dec 31, 1987 First RepublicBank East Houston TX First Republicbank Houston N.A.
Dec 31, 1987 The First National Bank of Saint Paul MN U.S. Bank National Association
Dec 31, 1987 First RepublicBank SW Houston, National Association TX First Republicbank Houston N.A.
Dec 31, 1987 First RepublicBank Pasadena TX First Republicbank Houston N.A.
Dec 31, 1987 Forest SVC Fcu GA Excel Federal Credit Union
Dec 31, 1987 Savannah Bancshares, Inc. MO Maryville Bancshares, Inc.
Dec 31, 1987 The First National Bank of Avonmore PA Promistar Bank
Dec 31, 1987 The Camel Bank, Incorporated AZ (unnamed)
Dec 31, 1987 First National Bank of Hopkins MN U.S. Bank National Association
Dec 31, 1987 First RepublicBank Tomball TX First Republicbank Houston N.A.
Dec 31, 1987 Our Lady of Hope K of C #3076 Federal Credit Union NY SJP Federal Credit Union
Dec 31, 1987 Morgan Bancorp, Incorporated WV Mountaineer Bankshares of W. Va., Inc.
Dec 31, 1987 First Bank Security, National Association MN U.S. Bank National Association
Dec 31, 1987 Commercial Security Bancorporation UT Key Bancshares of Utah Inc.

The list holds 500 of the 1,196 mergers recorded for 1987.

Enforcement Actions in 1987

Action date Agency Institution Action
Feb 11, 1987 OCC Marble Falls National Bank Formal Agreement: Marble Falls National Bank

FDIC Open-Bank Assistance in 1987

Date Institution HQ Assets
Dec 31, 1987 First Financial Bank, FSB New Orleans, LA $744.9M
Dec 31, 1987 American FS&LA Lynchburg, VA $166.5M
Dec 31, 1987 Gibson Federal S&LA Gibson City, IL $131.5M
Dec 31, 1987 First FS&LA of Slidell Slidell, LA $46.2M
Dec 30, 1987 First Financial of LA Lutcher, LA $159.5M
Dec 30, 1987 First FS&LA of Alexandria Alexandria, LA $148.7M
Dec 30, 1987 Firstbanc FSB Gonzales, LA $46.3M
Dec 29, 1987 Community FS&LA Hamilton, OH $405.6M
Dec 29, 1987 The Falun State Bank Falun, KS $3.1M
Dec 16, 1987 MT. Pleasant S&LA Mt. Pleasant, TX $24.9M
Dec 16, 1987 Boone County FS&LA Centralia, MO $19.7M
Dec 11, 1987 Surety FS&LA Morganton, NC $124.9M
Dec 3, 1987 Crossroads Bank Victoria, TX $25.1M
Nov 17, 1987 Argo FS&LA Summit, IL $25.6M
Nov 12, 1987 Gulf FS&LA Mobile, AL $6.1M
Oct 31, 1987 First FS&LA Natchitoches Natchitoches, LA $48.1M
Oct 16, 1987 Commercial Bank, N.A. Oklahoma City, OK $23.4M
Sep 24, 1987 Lyons Federal Trust & Savings Countryside, IL $2.28B
Jul 31, 1987 Ok Federal S&LA El Reno, OK $51.8M
Jul 31, 1987 Valley Bank of Belgrade Belgrade, MT $18.6M
Jul 17, 1987 Banktexas Dallas, N.A. Dallas, TX $541.3M
Jul 17, 1987 Banctexas Allen Parkway, N.A. Houston, TX $125.0M
Jul 17, 1987 Banctexas McKinney, N.A. McKinney, TX $121.5M
Jul 17, 1987 Banctexas Richardson, N.A. Richardson, TX $81.0M
Jul 17, 1987 Banctexas White Rock, N.A. Dallas, TX $80.9M
Jul 17, 1987 Banctexas Northside Houston, N.A Houston, TX $61.1M
Jul 17, 1987 Banctexas Carrollton, N.A. Carrollton, TX $51.1M
Jul 17, 1987 Banctexas Houston Houston, TX $45.9M
Jul 17, 1987 Banctexas Westheimer Houston, TX $34.1M
Jul 17, 1987 Banctexas Quorum, N.A. Addison, TX $21.2M
Jul 17, 1987 Banctexas Sulphur Springs, N.A. Sulphur Springs, TX $18.3M
Jul 2, 1987 United First FS&LA Boise, ID $344.5M
Jul 2, 1987 Provident FS&LA Boise, ID $222.3M
Jun 30, 1987 Fort Lee S&LA Fort Lee, NJ $170.6M
Jun 5, 1987 Security Bank of Rich Hill Rich Hill, MO $13.0M
May 13, 1987 Syracuse Savings Bank Syracuse, NY $1.18B
Apr 3, 1987 Tahoe S&LA South Lake Tahoe, CA $81.2M
Mar 25, 1987 South Florida Savings Bank Davie, FL $172.0M
Mar 24, 1987 Western S&LA Salt Lake City, UT $392.7M
Mar 20, 1987 Bayou FS&LA New Orleans, LA $25.8M
Mar 13, 1987 Home S&LA Seattle, WA $150.6M
Mar 6, 1987 South Bay S&LA Gardens, CA $61.9M
Feb 26, 1987 Central Bank & Trust Company Glenmora, LA $20.6M
Feb 25, 1987 American National Bank Durant, OK $9.7M
Jan 16, 1987 Magic Valley S&LA Weslaco, TX $103.4M

Browse adjacent years: 1986 · 1988

Or jump to a category: Failures · Mergers · Enforcement · Assistance