10 failures since 1934 · $487 million estimated loss
Bank failures in Alaska
Alaska has 10 bank failures on FDIC record since 1934, 0.3% of the national total and the 45th-highest count of any state or territory. The worst year was 1989, with 4. No bank there has failed since 2000; the last was Alliance Bank in 1989. The largest by assets was Alliance Bank of Anchorage, with $779 million, in 1989.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| April 21, 1989 | Alliance Bank | Anchorage, AK | $779 million | $75.9 million |
| March 2, 1989 | Home Savings Bank | Anchorage, AK | $91.5 million | $63.2 million |
| March 2, 1989 | First Federal Bank of Alaska, Savings Bank | Anchorage, AK | $138 million | $134 million |
| February 3, 1989 | Alaska Statebank | Anchorage, AK | $90.8 million | $17.3 million |
| August 3, 1988 | Alaska Continental Bank | Anchorage, AK | $51.5 million | $20.5 million |
| December 11, 1987 | First Interstate Bank of Alaska | Anchorage, AK | $368 million | $104 million |
| October 22, 1987 | Alaska National Bank of the North | Fairbanks, AK | $203 million | $34.3 million |
| June 12, 1987 | Frontier Savings and Loan Association | Fairbanks, AK | $7.4 million | $2.4 million |
| October 23, 1986 | Security National Bank | Anchorage, AK | $41.8 million | $22.0 million |
| August 8, 1986 | Peninsula Savings and Loan Association | Soldotna, AK | $42.6 million | $13.4 million |