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
Nov 7, 1987	First RepublicBank Nederland	TX	First Republicbank Beaumont
Nov 6, 1987	Texas American Bank/Riverside	TX	Texas American Bank/Fort Worth, N.A.
Nov 6, 1987	Texas American Bank/Ridgmar	TX	Texas American Bank/Fort Worth, N.A.
Nov 6, 1987	Texas American Bank/West Side	TX	Texas American Bank/Fort Worth, N.A.
Nov 4, 1987	Joskes of Texas Federal Credit Union	TX	Security Service Federal Credit Union
Nov 2, 1987	Firstway Financial, Incorporated	PA	Financial Trust Corp
Nov 2, 1987	Malden State Bank	MO	First Community Bank, Missouri
Nov 1, 1987	Rwo Credit Union, Inc.	OH	Directions Credit Union
Nov 1, 1987	Woodruff & Edwards Credit Union	IL	Kane County Teachers Credit Union
Nov 1, 1987	First Union National Bank of Newnan	GA	First Union National Bank of Georgia
Nov 1, 1987	First of America Bank-Grand Ledge	MI	First of America Bank-Central
Nov 1, 1987	First of America Bank-Charlotte	MI	First of America Bank-Central
Nov 1, 1987	First Union National Bank of Rome	GA	First Union National Bank of Georgia
Nov 1, 1987	Webb Employees Credit Union	MN	Ideal Credit Union
Nov 1, 1987	Commercial Bank & Trust Company	GA	First Union National Bank of Georgia
Nov 1, 1987	First Union National Bank of Valdosta	GA	First Union National Bank of Georgia
Nov 1, 1987	First Union National Bank of Vidalia	GA	First Union National Bank of Georgia
Nov 1, 1987	Macon Citizens Cu	NC	Mountain Credit Union
Nov 1, 1987	The Bank of Dalton	GA	First Union National Bank of Georgia
Nov 1, 1987	Hanover Bank & Trust Company	NH	Bankeast
Nov 1, 1987	The American Bank of Waco	TX	American Bank N.A.
Nov 1, 1987	Holstein State Bank	IA	Heritage Bank, National Association
Nov 1, 1987	Sibley Employees Federal Credit Union	IN	Communitywide Federal Credit Union
Nov 1, 1987	Lincoln Bank & Trust Company	LA	Central Bank
Nov 1, 1987	First Union Bank of Waycross	GA	First Union National Bank of Georgia
Nov 1, 1987	Slinger Foundry Employees Credit Union	WI	Glacier Hills Credit Union
Nov 1, 1987	Franklin Park Safe Deposit Company	IL	Lasalle Bank Illinois
Nov 1, 1987	C E Federal Credit Union	TX	Amoco Federal Credit Union
Nov 1, 1987	Iowa National Bank & Trust	IA	Heritage Bank, National Association
Nov 1, 1987	Turlock Public Employees Credit Union	CA	The Golden 1 Credit Union
Nov 1, 1987	Haverhill Boxboards Federal Credit Union	MA	Tremont Credit Union
Nov 1, 1987	Upland City Employees Federal Credit Union	CA	Arrowhead Federal Credit Union
Nov 1, 1987	Allegheny Deluxe Federal Credit Union	PA	N F G #2 Federal Credit Union
Nov 1, 1987	Pawtucket Institution for Savings	RI	Attleboro Pawtucket Savings Bank
Nov 1, 1987	The Addison Savings and Loan Company	OH	Union Savings Bank
Nov 1, 1987	Sgwe Family Credit Union	MO	United Labor Credit Union
Nov 1, 1987	KCS-K Credit Union	KS	New Century Credit Union
Oct 31, 1987	First Federal Savings & Loan Association	LA	First Federal Bank of Louisiana
Oct 31, 1987	Guarantee Savings, Federal Savings and Loan Association	CA	Glendale Federal Bank, Federal Savings Bank
Oct 31, 1987	The Union National Bank of Oxford	NC	Southern National Bank of North Carolina
Oct 31, 1987	Tucson Savings and Loan Association	AZ	Home Savings of America, FSB
Oct 31, 1987	Shreveport Bank & Trust Company	LA	Capital One, N.A.
Oct 31, 1987	Memorial Bank, National Association	TX	Memorial Bank, N.A.
Oct 31, 1987	Michigan National Bank-Michiana	MI	LaSalle Bank Midwest National Association
Oct 31, 1987	Intrawest Bank of Greeley, N.A.	CO	(unnamed)
Oct 31, 1987	United Jersey Bank/Lenape State	NJ	United Jersey Bank/South, National Association
Oct 31, 1987	The Security State Bank of Doland, South Dakota	SD	Farmers and Merchants Bank
Oct 31, 1987	Alvey Employees Credit Union	MO	Vantage Credit Union
Oct 31, 1987	First RepublicBank South Abilene	TX	First Republicbank Abilene N.A.
Oct 31, 1987	Affiliated Banc Group, Inc.	IL	Affiliated Banc Group, 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

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