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 1, 1987	First Union National Bank of Columbus	GA	First Union National Bank of Georgia
Dec 1, 1987	First City Bank - West, N.A.	TX	First City, Texas - El Paso, N.A.
Dec 1, 1987	Arbuckle Bancorp, Inc.	OK	BancFirst Corporation
Dec 1, 1987	First City Bank - East, National Association	TX	First City, Texas - El Paso, N.A.
Dec 1, 1987	Polk County Federal Savings and Loan of Des Moines	IA	Midwest Savings Association Federal Association
Dec 1, 1987	Park National Bank	TX	Cleveland Bank & Trust
Dec 1, 1987	Twin Oaks Dairy Federal Credit Union	IL	Alero Financial Credit Union
Dec 1, 1987	Community Hospital Employees Credit Union	IA	River Bend Credit Union
Dec 1, 1987	Kiamichi Bancshares, Inc.	OK	BancFirst Corporation
Dec 1, 1987	Quaker State Home Office Federal Credit Union	PA	New Directions Community Credit Union
Dec 1, 1987	The Toy National Bank of Sioux City	IA	Norwest Bank Sioux City, National Association
Dec 1, 1987	Bank of Waynesboro	GA	First Union National Bank of Georgia
Dec 1, 1987	Texas Bank	TX	TexasBank
Dec 1, 1987	First Interstate Bank of Wisconsin	WI	Norwest Bank Wisconsin Northeast
Dec 1, 1987	The First National Bank of Avoca	PA	PNC Bank, Northeast PA
Nov 30, 1987	Princeton Bank of Pennsylvania, N.A.	PA	Princeton Bank of Pennsylvania
Nov 30, 1987	Pegasus Federal Credit Union	MA	Tremont Credit Union
Nov 30, 1987	Community Bank of Manatee	FL	First Union National Bank of Florida
Nov 30, 1987	Health Care Employees Credit Union	IL	Landmark Credit Union
Nov 30, 1987	Lake Charles Memorial Cu	LA	Southwest Louisiana Credit Union
Nov 28, 1987	Metropolitan Bank Plymouth	MN	Firstar MetroBank
Nov 28, 1987	Bayanihan Credit Union	MI	Credit Union One
Nov 28, 1987	Metropolitan Bank St. Paul	MN	Firstar MetroBank
Nov 25, 1987	Vah Baltimore Federal Credit Union	MD	First Financial of Maryland Federal Credit Union
Nov 21, 1987	Saint Leo's Parish Federal Credit Union	PA	Little Giant Federal Credit Union
Nov 21, 1987	Valley National Bank	TX	FirstBank
Nov 21, 1987	First of America Bank - Alger, National Association	MI	First of America Bank-Upper Peninsula, National Association
Nov 21, 1987	United Bank of Arapahoe-East N.A.	CO	Norwest Bank Arapahoe, National Association
Nov 20, 1987	Beltower Inc	WI	M&I LLC
Nov 20, 1987	Exchange National Bank	TX	Norwest Bank Texas, Kelly Field, National Association
Nov 20, 1987	Heritage Bank	GA	Bank South
Nov 20, 1987	Northern Indiana Bank and Trust Company	IN	NBD Bank, National Association
Nov 19, 1987	Macbeth Employees Federal Credit Union	NY	Heritage Financial Federal Credit Union
Nov 18, 1987	Buffalo St Teresa's Federal Credit Union	NY	St. Johns Buffalo Federal Credit Union
Nov 16, 1987	First RepublicBank Lake Air, National Association	TX	First Republicbank Waco N.A. (Austin Avenue)
Nov 16, 1987	Tri-County Savings & Loan Association	NJ	First American Savings, F.A.
Nov 14, 1987	Bank of Meadville	MO	Bank of Brookfield-Purdin N.A.
Nov 14, 1987	First RepublicBank Chelmont, National Association	TX	First Republicbank El Paso N.A.
Nov 13, 1987	First Bank Financial Corp.	GA	Bank South Corporation
Nov 13, 1987	First Midwest Bank/Joliet, National Association	IL	First Midwest Bank/Illinois, National Association
Nov 13, 1987	Shawmut First County Bank, N. A.	MA	Fleet National Bank of Massachusetts
Nov 13, 1987	Carolina Coca-Cola Employees Federal Credit Union	SC	Safe Federal Credit Union
Nov 13, 1987	Center State Bank	CA	Union Safe Deposit Bank
Nov 13, 1987	Roswell Bank	GA	First Union National Bank of Georgia
Nov 12, 1987	First RepublicBank SW Temple, National Association	TX	First Republicbank Temple N.A.
Nov 12, 1987	First Bank of Savannah	GA	Wachovia Bank of Georgia, National Association
Nov 9, 1987	Buffalo St Martins Federal Credit Union	NY	St. Johns Buffalo Federal Credit Union
Nov 9, 1987	Attnewark Federal Credit Union	NJ	The Atlantic Federal Credit Union
Nov 9, 1987	Duplin County Teachers Federal Credit Union	NC	Bragg Mutual Federal Credit Union
Nov 7, 1987	Druid Hill Federal Savings and Loan Association	MD	Chesapeake Bank of Maryland

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

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