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
Apr 9, 1987	Commonwealth Bank	Glendale, CO	$7.8M	Prudential Bank
Apr 2, 1987	The First National Bank of Herington	Herington, KS	$20.7M	Bank of Herington
Mar 27, 1987	Equitable S&LA	Stanton, CA	$58.9M	—
Mar 27, 1987	Tallulah State Bank & Trust Comp	Tallulah, LA	$31.1M	Bank of St Joseph&trust
Mar 26, 1987	The First State Bank in Billings	Billings, OK	$10.2M	First NB&T Co Perry Okla
Mar 20, 1987	Vernon S&LA	Vernon, TX	$1.35B	Montfort Savings Associatio
Mar 20, 1987	First FS&LA	Hagerstown, MD	$95.7M	—
Mar 20, 1987	First Southern Sa	Pascagoula, MS	$47.1M	—
Mar 20, 1987	The Madill Bank & Trust Company	Madill, OK	$39.6M	First American National
Mar 20, 1987	New City Bank	Orange, CA	$26.0M	Colonial Bank National a
Mar 20, 1987	Morocco State Bank	Morocco, IN	$16.3M	De Motte State Bank
Mar 19, 1987	Red River National Bank in Clarksville	Clarksville, TX	$22.8M	State Bank of De Kalb
Mar 19, 1987	Sweeney Bank	Sweeney, TX	$19.7M	First State Bank
Mar 19, 1987	Clarks Fork National Bank	Fromberg, MT	$8.4M	Yellowstone Bank
Mar 18, 1987	Perpetual SB	Los Angeles, CA	$62.5M	—
Mar 17, 1987	United Oklahoma Bank	Oklahoma City, OK	$171.9M	United Bank of Oklahoma
Mar 13, 1987	Victor S&LA	Muskogee, OK	$601.3M	Cimarron FS&LA
Mar 13, 1987	Beaver Creek State Bank	Beaver Creek, MN	$7.3M	Citizens STB of Silver L
Mar 12, 1987	Western Bank	El Paso, TX	$46.7M	Mbank El Paso National a
Mar 12, 1987	Plaza National Bank	Del Rio, TX	$34.2M	—
Mar 12, 1987	Expressway Bank	Oklahoma City, OK	$19.1M	First Interstate BK of O
Mar 12, 1987	The First National Bank of Olney	Olney, TX	$16.7M	First National Bank of O
Mar 5, 1987	Liberty Bank	Houston, TX	$57.2M	Central Bank of Houston
Mar 5, 1987	First National Bank in West Concord	West Concord, MN	$9.1M	Farmers STB of West Conc
Mar 5, 1987	Sealy National Bank	Sealy, TX	$7.7M	Austin County State Bank
Mar 5, 1987	First National Bank of Sapulpa	Sapulpa, OK	$7.5M	American NB&T Co Sapulpa
Mar 4, 1987	The First State Bank	Rockford, IA	$15.8M	First Security Bank&trus
Feb 27, 1987	Key S&LA	Englewood, CO	$241.6M	Commercial FS&LA
Feb 27, 1987	First FS&LA of Beloit	Beloit, KS	$82.9M	—
Feb 27, 1987	The Lewistown Bank	Lewistown, IL	$15.3M	National Bank of Canton
Feb 26, 1987	Farmers State Bank	Hart, TX	$9.8M	Hale County State Bank
Feb 26, 1987	First National Bank of Crosby	Crosby, TX	$7.8M	First NB of Crosby
Feb 20, 1987	The First National Bank of Weslaco	Weslaco, TX	$70.7M	—
Feb 20, 1987	Hub City Bank & Trust Company	Lafayette, LA	$38.0M	Hibernia National Bank
Feb 19, 1987	First State Bank of Atmore	Atmore, AL	$12.4M	First NB of Atmore
Feb 13, 1987	Life Savings of America	Rockford, IL	$342.3M	—
Feb 13, 1987	The County Bank	Manatee County, FL	$187.1M	NCNB NB of Florida
Feb 13, 1987	Universal Sa, F.A.	Chickasha, OK	$104.6M	—
Feb 13, 1987	First State Bank of King City, Missouri	King City, MO	$14.5M	Citizens Bank&trust Co
Feb 12, 1987	Federated National Bank	Live Oak, TX	$13.6M	—
Feb 12, 1987	First City Bank of Atoka	Atoka, OK	$11.6M	Atoka State Bank
Feb 12, 1987	Security National Bank	Midland, TX	$8.6M	—
Feb 11, 1987	Community Bank	Seiling, OK	$5.1M	First NB of Seiling
Feb 5, 1987	Boulevard State Bank	Wichita, KS	$102.3M	Union Boulevard NB
Feb 5, 1987	State Bank of Allison	Allison, IA	$17.4M	Lincoln Savings Bank
Feb 5, 1987	Sunbelt National Bank	Dallas, TX	$11.4M	—
Feb 5, 1987	Market National Bank	Denver, CO	$8.7M	Womens Bank N a
Jan 29, 1987	Montgomery County Bank, N.A.	The Woodlands, TX	$48.5M	Texas Commerce Bank N.A.
Jan 29, 1987	The Farmers National Bank of Remington	Remington, IN	$34.7M	Lafayette National Bank
Jan 29, 1987	Bear Creek National Bank	Bear Creek, TX	$26.6M	Jersey Village Bank

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
Sep 1, 1987	Americana Bancorporation of Danube, Inc.	MN	Excel Bank Corporation
Sep 1, 1987	Americana Bancorporation of Alden, Inc.	MN	Excel Bank Corporation
Sep 1, 1987	Div of Labor Empl Cu	FL	First Commerce Credit Union
Sep 1, 1987	Americana Bancorporation of Edina, Inc.	MN	Excel Bank Corporation
Sep 1, 1987	Lyons Bancorp, Inc.	CO	Valley Bancorp, Inc.
Sep 1, 1987	First State Bancshares, Inc.	FL	First Union Corporation of Florida
Sep 1, 1987	Colonial Bancorp, Inc.	PA	Dauphin Deposit Corporation
Sep 1, 1987	The Manheim National Bank	PA	Susquehanna Bank
Sep 1, 1987	First RepublicBank in Oak Cliff	TX	First RepublicBank Oak Cliff
Sep 1, 1987	Ferno-Washington Manufacturing Employees Credit Union, Inc.	OH	Universal 1 Credit Union, Inc.
Sep 1, 1987	Lae-WC Federal Credit Union	LA	Carter Federal Credit Union
Sep 1, 1987	NBD Grand Valley Bank, National Association	MI	NBD Grand Rapids, National Association
Sep 1, 1987	Aeronca Employees Credit Union, Inc.	OH	River Valley Credit Union, Inc.
Sep 1, 1987	Metrocrest Cu	TX	LegacyTexas Bank
Sep 1, 1987	Michigan Bank - Livingston	MI	LaSalle Bank Midwest National Association
Sep 1, 1987	Teamsters Joint Council 10 Federal Credit Union	MA	New England Teamsters Federal Credit Union
Sep 1, 1987	Cotter Federal Credit Union	IL	Alero Financial Credit Union
Sep 1, 1987	First State Bank of Pensacola	FL	First Union National Bank of Florida
Sep 1, 1987	Welco Credit Union	CO	Credit Union of Colorado, a Federal Credit Union
Sep 1, 1987	Natchitoches Parish Federal Credit Union	LA	La Capitol Federal Credit Union
Sep 1, 1987	Half Dollar Trust and Savings Bank	WV	United National Bank - North
Sep 1, 1987	Milwaukee Teachers Credit Union	WI	Appletree Credit Union
Sep 1, 1987	Iowa American Baptist Credit Union	IA	Adelfi Credit Union dba Christian Community Credit Union
Sep 1, 1987	Wheeling Postal Credit Union	WV	West Virginia Central Federal Credit Union
Sep 1, 1987	First RepublicBank Tyler	TX	First Republicbank Tyler N.A.
Sep 1, 1987	Mid-Am Credit Union	IA	Affinity Credit Union
Sep 1, 1987	NBD Evart Bank, National Association	MI	NBD Cadillac Bank
Sep 1, 1987	Saint Ignatius Sanford Federal Credit Union	ME	Peopleschoice Credit Union
Sep 1, 1987	Jaydon Employees Credit Union	IL	Vibrant Credit Union
Sep 1, 1987	The Hernando Bank	MS	Trustmark Bank
Sep 1, 1987	BBF Employees Federal Credit Union	MD	Affinia Federal Credit Union
Sep 1, 1987	McDowell Industries Employees Credit Union	TN	Southern Security Federal Credit Union
Sep 1, 1987	First RepublicBank Barton Creek, National Association	TX	First RepublicBank Westlake, National Association
Sep 1, 1987	The Citizens and Southern Bank of Carrollton	GA	NationsBank, National Association (South)
Sep 1, 1987	Americana State Bank of Clara City	MN	Citizens Alliance Bank
Sep 1, 1987	W E-L a Federal Credit Union	IN	Purdue Federal Credit Union
Sep 1, 1987	New Holland Farmers National Bank	PA	Dauphin Deposit Bank and Trust Company
Sep 1, 1987	SWK Federal Credit Union	PA	Comtrust Federal Credit Union
Sep 1, 1987	Cca Western Federal Credit Union	CA	La Financial Federal Credit Union
Sep 1, 1987	Afro Amer Life Ins Co Empl Fcu	FL	Community First Credit Union of Florida
Sep 1, 1987	Abbott Ball Employees Federal Credit Union	CT	Wiremold Federal Credit Union
Aug 31, 1987	Harris County Bank-CY-Fair, N.A.	TX	Harris County Bank-Houston, N.A.
Aug 31, 1987	Central Bank of Oxford, N.A.	AL	Compass Bank of Calhoun County N.A.
Aug 31, 1987	NBC Bank-Edinburg	TX	NBC BK-Rio Grande Valley, N.A.
Aug 31, 1987	Harris County Bank-Northwest, National Association	TX	Harris County Bank-Houston, N.A.
Aug 31, 1987	St. Louis County R-2 Credit Union	MO	Vantage Credit Union
Aug 29, 1987	United Jersey Bank/Fidelity Bank	NJ	United Jersey Bank/South, National Association
Aug 29, 1987	Intrawest Bank of Fort Collins, N.A.	CO	(unnamed)
Aug 29, 1987	The Fifth Third Bank of Brown County	OH	Fifth Third Bank, Ohio Valley
Aug 29, 1987	Southern Home SVG BK	FL	Great Western Bank, a Federal Savings Bank

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