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
Oct 1, 1987	Procter & Gamble Federal Credit Union	CA	LBS Financial Credit Union
Oct 1, 1987	Arl Employees Credit Union	CA	American Federal Credit Union
Oct 1, 1987	Allied Nederland Bank	TX	First Interstate Bank of Port Arthur
Oct 1, 1987	First State Bank & Trust Company of Franklin Park	IL	Lasalle Bank Illinois
Oct 1, 1987	(unnamed)	—	The Bank of California, National Association
Oct 1, 1987	First FS&LA	FL	Mid-State FSB
Oct 1, 1987	Miles Employees Credit Union	CT	Inova Federal Credit Union
Oct 1, 1987	One National Bank of Little Rock	AR	One Bank & Trust, National Association
Oct 1, 1987	Healthcare Federal Credit Union	CA	Excite Credit Union
Oct 1, 1987	Commencement Bay Federal Credit Union	WA	Woodstone Credit Union
Oct 1, 1987	Commerce Group, Inc.	NE	First Commerce Bancshares, Inc.
Oct 1, 1987	San Carlos-Belmont Employees Federal Credit Union	CA	Monterra Credit Union
Oct 1, 1987	Lomed Federal Credit Union	MS	Triangle Federal Credit Union
Oct 1, 1987	Blue Hills Community Federal Credit Union	MO	United Consumers Credit Union
Oct 1, 1987	Brentwood Hospital Employees Credit Union, Inc.	OH	North Coast Credit Union
Oct 1, 1987	Conroe Bank, National Association	TX	Citadel Bank
Oct 1, 1987	W P Rail Systems Federal Credit Union	CA	Sierra Central Credit Union
Oct 1, 1987	Sweeper Employees Credit Union	IL	Alero Financial Credit Union
Oct 1, 1987	Airport Area C/C Federal Credit Union	PA	West-Aircomm Federal Credit Union
Oct 1, 1987	Gem State Federal Credit Union	ID	Rails West Federal Credit Union
Oct 1, 1987	BMC Federal Credit Union	CA	La Financial Federal Credit Union
Oct 1, 1987	First Bank of DeKalb County	MO	Belt American Bank of St. Joseph
Oct 1, 1987	Sweetheart Products Employees Federal Credit Union	MA	Tremont Credit Union
Oct 1, 1987	Narh Employees Federal Credit Union	MA	Tremont Credit Union
Oct 1, 1987	The First National Bank of Meade	KS	First National Bank
Oct 1, 1987	Indiana Reformatory Credit Union	IN	Lampco Federal Credit Union
Oct 1, 1987	Savannah-Chatham Fcu	GA	Georgia's Own Credit Union
Oct 1, 1987	Farrell School Employees Federal Credit Union	PA	Mercer County Community Federal Credit Union
Oct 1, 1987	RGH Empl Fcu	MS	Jackson Area Federal Credit Union
Oct 1, 1987	Dasadoco Empl Fcu	LA	Spelc Federal Credit Union
Oct 1, 1987	Marshalltown Railway Employees Credit Union	IA	Lennox Employees Credit Union
Oct 1, 1987	C&NW Transportation Credit Union	MN	Ideal Credit Union
Oct 1, 1987	Associated Teamsters Federal Credit Union	CA	Bay Cities Credit Union
Oct 1, 1987	KRH Federal Credit Union	NC	Alero Financial Credit Union
Oct 1, 1987	The Merchants Bank, Bolton, Mississippi	MS	Merchants and Planters Bank
Oct 1, 1987	Norstar Bank of the Hudson Valley, National Association	NY	Fleet Bank
Oct 1, 1987	FCB Employees Federal Credit Union	KS	Heartland Credit Union
Oct 1, 1987	Brocton Vamc Federal Credit Union	MA	Hanscom Federal Credit Union
Oct 1, 1987	(unnamed)	—	Valliwide Bank
Oct 1, 1987	Lafourche National Bank of Thibodaux	LA	ArgentBank
Oct 1, 1987	Capital Savings Bank, Federal Association	WA	Great American Bank, Federal Savings Bank
Oct 1, 1987	Springday Credit Union	MO	Telcomm Credit Union
Oct 1, 1987	First American Bank	TN	First American National Bank
Oct 1, 1987	Goodyear Madisonville Employees Federal Credit Union	KY	Owensboro Federal Credit Union
Oct 1, 1987	Interchem Cincinnati Federal Credit Union	OH	Cinco Family Financial Center Credit Union
Oct 1, 1987	Family Services Credit Union	WI	Guardian Credit Union
Oct 1, 1987	One Valley Bank of Terra Alta, National Association	WV	One Valley Bank, Inc.
Oct 1, 1987	Central Bank of East Aurora, N.A.	CO	Central Bank Aurora, National Association
Oct 1, 1987	Woodstock State Bancorp, Inc.	IL	Woodstock Acquisition Corp.
Oct 1, 1987	Citizens Savings Bank	IA	The First National Bank in Creston

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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