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 | Assets |
|---|---|---|
| Jan 29, 1987 | Peoples Bank & Trust Company | $20.2M |
| Jan 29, 1987 | First State Bank of Pattonsburg | $5.9M |
| Jan 29, 1987 | The La Pryor State Bank | $5.7M |
| Jan 23, 1987 | North America S&LA | $220.3M |
| Jan 23, 1987 | The First National Bank of Marlborough | $60.7M |
| Jan 23, 1987 | First Sierra Bank | $23.2M |
| Jan 22, 1987 | National Bank of Frederick | $23.8M |
| Jan 16, 1987 | First S&LA of Burkburnett | $204.5M |
| Jan 16, 1987 | Umpqua S&LA | $108.2M |
| Jan 15, 1987 | Latimer Bank & Trust | $23.2M |
| Jan 15, 1987 | The First National Bank of Skiatook | $14.0M |
| Jan 15, 1987 | The First National Bank of Rush Springs | $12.8M |
| Jan 15, 1987 | First Charter Bank | $10.1M |
| Jan 9, 1987 | State Bank of Cuba | $18.3M |
| Jan 8, 1987 | The Security Nat BK & TR Co. of Norman | $198.7M |
| Jan 8, 1987 | Bowie National Bank | $12.3M |
| Jan 8, 1987 | American National Bank of Grand Junction | $7.7M |
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 | Acquirer |
|---|---|---|
| Oct 1, 1987 | Boatmen's Livestock National Bank | Nationsbank, National Association (Mid-West) |
| Sep 30, 1987 | Ubanco, Inc. | Washington Community Bancshares, Inc. |
| Sep 30, 1987 | Broward Bancorp | Jefferson Bancorp, Inc. |
| Sep 30, 1987 | Ad Co Empl Cu | Select Seven Federal Credit Union |
| Sep 30, 1987 | NBC Bank - Ingram Park, National Association | NBC Bank-San Antonio, N.A. |
| Sep 30, 1987 | NBC Bank - Harlandale | NBC Bank-San Antonio, N.A. |
| Sep 30, 1987 | NBC Bank - Perrin Beitel, National Association | NBC Bank-San Antonio, N.A. |
| Sep 30, 1987 | The Union Bank | Western Community Bank |
| Sep 30, 1987 | NBC Bank - Colonnade, National Association | NBC Bank-San Antonio, N.A. |
| Sep 30, 1987 | NBC Bank - South | NBC Bank-South Texas, N.A. |
| Sep 30, 1987 | NBC Bank - North, National Association | NBC Bank-San Antonio, N.A. |
| Sep 30, 1987 | NBC Bank - Randolph, National Association | NBC Bank-San Antonio, N.A. |
| Sep 30, 1987 | Semgco Enterprises Federal Credit Union | Flagship Community Federal Credit Union |
| Sep 30, 1987 | NBC Bank - Corpus Christi | NBC Bank-South Texas, N.A. |
| Sep 26, 1987 | South Broadway Bank | Southside Bank |
| Sep 26, 1987 | Security Bank and Trust Company | Bank of New England - Old Colony, National Association |
| Sep 26, 1987 | MBank Arlington | Mbank Midcities N.A. |
| Sep 26, 1987 | MBank Harlingen, National Association | Mercantile Bank, National Association |
| Sep 26, 1987 | MBank Mansfield | Mbank Midcities N.A. |
| Sep 25, 1987 | First Union Bank of Sarasota | First Union National Bank of Florida |
| Sep 25, 1987 | Citizens State Bank | Dairy State Bank |
| Sep 24, 1987 | First RepublicBank Medical Center, National Association | First RepublicBank NW San Antonio, National Association |
| Sep 24, 1987 | First RepublicBank of Post Oak, National Association | First RepublicBank Post Oak |
| Sep 24, 1987 | Gibraltar Federal Credit Union | L'Oreal USA Federal Credit Union |
| Sep 19, 1987 | Floridas Farmland Fcu | Magnify Credit Union |
| Sep 19, 1987 | Norstar Bank of Commerce | Fleet Bank |
| Sep 19, 1987 | The First National Bank of Dickson | First Union National Bank of Tennessee |
| Sep 18, 1987 | Shawmut Needham Bank, N. A. | Fleet National Bank of Massachusetts |
| Sep 18, 1987 | Synthane-Taylor Federal Credit Union | Tri County Area Federal Credit Union |
| Sep 18, 1987 | Shawmut Quincy Bank and Trust Company | Fleet National Bank of Massachusetts |
| Sep 16, 1987 | Wholesale Distributors Employees Federal Credit Union | Credit Human Federal Credit Union |
| Sep 15, 1987 | Baptist Hospital Beaumont Employee Federal Credit Union | Rave Financial Credit Union |
| Sep 15, 1987 | Marina Employees Federal Credit Union | Homeport Federal Credit Union |
| Sep 14, 1987 | First RepublicBank North Dallas, National Association | First RepublicBank North Dallas, National Association |
| Sep 14, 1987 | First RepublicBank Addison | First RepublicBank North Dallas, National Association |
| Sep 14, 1987 | Colonial Savings Bank, National Association | SafraBank National Association |
| Sep 11, 1987 | Weber Employees Credit Union | Meadows Credit Union |
| Sep 11, 1987 | Grand Bank Stemmons at Regal Row, National Association | Grand Bank, National Association |
| Sep 11, 1987 | Grand Bank Central at Fitzhugh, National Association | Grand Bank, National Association |
| Sep 11, 1987 | Grand Bank - Woodall Rodgers, National Association | Grand Bank, National Association |
| Sep 11, 1987 | Purina Employees Credit Union | I a a Credit Union |
| Sep 11, 1987 | Montgomery County Postal Federal Credit Union | 3HILL Credit Union |
| Sep 8, 1987 | Metropolitan Federal Savings and Loan Association | The Bank of Baltimore |
| Sep 8, 1987 | Rankin County Bank | Trustmark Bank |
| Sep 5, 1987 | Sun National Bank | Arizona Commerce Bank |
| Sep 4, 1987 | First RepublicBank in Las Colinas, National Association | First RepublicBank Las Colinas |
| Sep 3, 1987 | Coastal Holdings Corp. | New Hampshire Savings Bank Corporation |
| Sep 2, 1987 | American TR SVG BK FSB | Metropolitan Federal Savings and Loan Assn. F.A. |
| Sep 2, 1987 | First RepublicBank in Carrollton | First RepublicBank Carrollton |
| Sep 1, 1987 | The Bank of St. Albans | One Valley Bank, National Association |
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 | Assets |
|---|---|---|
| Dec 31, 1987 | First Financial Bank, FSB | $744.9M |
| Dec 31, 1987 | American FS&LA | $166.5M |
| Dec 31, 1987 | Gibson Federal S&LA | $131.5M |
| Dec 31, 1987 | First FS&LA of Slidell | $46.2M |
| Dec 30, 1987 | First Financial of LA | $159.5M |
| Dec 30, 1987 | First FS&LA of Alexandria | $148.7M |
| Dec 30, 1987 | Firstbanc FSB | $46.3M |
| Dec 29, 1987 | Community FS&LA | $405.6M |
| Dec 29, 1987 | The Falun State Bank | $3.1M |
| Dec 16, 1987 | MT. Pleasant S&LA | $24.9M |
| Dec 16, 1987 | Boone County FS&LA | $19.7M |
| Dec 11, 1987 | Surety FS&LA | $124.9M |
| Dec 3, 1987 | Crossroads Bank | $25.1M |
| Nov 17, 1987 | Argo FS&LA | $25.6M |
| Nov 12, 1987 | Gulf FS&LA | $6.1M |
| Oct 31, 1987 | First FS&LA Natchitoches | $48.1M |
| Oct 16, 1987 | Commercial Bank, N.A. | $23.4M |
| Sep 24, 1987 | Lyons Federal Trust & Savings | $2.28B |
| Jul 31, 1987 | Ok Federal S&LA | $51.8M |
| Jul 31, 1987 | Valley Bank of Belgrade | $18.6M |
| Jul 17, 1987 | Banktexas Dallas, N.A. | $541.3M |
| Jul 17, 1987 | Banctexas Allen Parkway, N.A. | $125.0M |
| Jul 17, 1987 | Banctexas McKinney, N.A. | $121.5M |
| Jul 17, 1987 | Banctexas Richardson, N.A. | $81.0M |
| Jul 17, 1987 | Banctexas White Rock, N.A. | $80.9M |
| Jul 17, 1987 | Banctexas Northside Houston, N.A | $61.1M |
| Jul 17, 1987 | Banctexas Carrollton, N.A. | $51.1M |
| Jul 17, 1987 | Banctexas Houston | $45.9M |
| Jul 17, 1987 | Banctexas Westheimer | $34.1M |
| Jul 17, 1987 | Banctexas Quorum, N.A. | $21.2M |
| Jul 17, 1987 | Banctexas Sulphur Springs, N.A. | $18.3M |
| Jul 2, 1987 | United First FS&LA | $344.5M |
| Jul 2, 1987 | Provident FS&LA | $222.3M |
| Jun 30, 1987 | Fort Lee S&LA | $170.6M |
| Jun 5, 1987 | Security Bank of Rich Hill | $13.0M |
| May 13, 1987 | Syracuse Savings Bank | $1.18B |
| Apr 3, 1987 | Tahoe S&LA | $81.2M |
| Mar 25, 1987 | South Florida Savings Bank | $172.0M |
| Mar 24, 1987 | Western S&LA | $392.7M |
| Mar 20, 1987 | Bayou FS&LA | $25.8M |
| Mar 13, 1987 | Home S&LA | $150.6M |
| Mar 6, 1987 | South Bay S&LA | $61.9M |
| Feb 26, 1987 | Central Bank & Trust Company | $20.6M |
| Feb 25, 1987 | American National Bank | $9.7M |
| Jan 16, 1987 | Magic Valley S&LA | $103.4M |
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