139 failures · $9.9 billion in assets
Bank failures in 1985
139 insured banks failed in 1985, up from 83 in 1984. Together they reported $9.9 billion in assets, and the FDIC's estimated loss on them is $2.9 billion. The largest was Sunrise Savings and Loan Association of Lake Worth, Florida, at $1.5 billion. Nebraska led with 13 failures, ahead of Texas with 13. The FDIC also recorded 41 assistance transactions that year, kept open rather than closed, and listed separately below.
Week by week
- $1 billion or more
- $100 million to $1 billion
- under $100 million
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| January 4, 1985 | Citizens State Bank | Edgerton, WY | $2.9 million | $1.2 million |
| January 7, 1985 | State Bank of Dannebrog | Dannebrog, NE | $4.9 million | $1.1 million |
| January 11, 1985 | Coast Community Bank | Harbor, OR | $9.1 million | $1.4 million |
| January 24, 1985 | First National Bank in Clarksville | Clarksville, TX | $35.0 million | $8.7 million |
| January 24, 1985 | The First National Bank in Marlow | Marlow, OK | $27.4 million | $7.6 million |
| January 25, 1985 | The Steele State Bank | Cherokee, IA | $21.9 million | $3.3 million |
| February 1, 1985 | Citizens Fidelity Bank | Bristol, TN | $18.2 million | $4.1 million |
| February 7, 1985 | The First National Bank Woodbine | Woodbine, IA | $25.8 million | $7.3 million |
| February 7, 1985 | The Farmers National Bank of Erick | Erick, OK | $16.8 million | $3.6 million |
| February 8, 1985 | West Valley Bank | Woodland Hills, CA | $48.3 million | $1.2 million |
| February 8, 1985 | Peoples Bank & Trust Company | Wartburg, TN | $24.4 million | $6.3 million |
| February 14, 1985 | First National Bank in Eads | Eads, CO | $17.5 million | $4.6 million |
| February 15, 1985 | Citizens State Bank of Fulda | Fulda, MN | $39.4 million | $12.8 million |
| February 19, 1985 | Inwood State Bank | Inwood, IA | $8.1 million | $1.3 million |
| March 1, 1985 | Halifax National Bank of Port Orange | Port Orange, FL | $38.6 million | $2.5 million |
| March 8, 1985 | Western Community Savings and Loan Association | El Cerrito, CA | $111 million | none |
| March 8, 1985 | Citizens State Bank | Arapahoe, NE | $16.9 million | $2.1 million |
| March 8, 1985 | Commercial State Bank | Afton, IA | $16.3 million | $3.0 million |
| March 15, 1985 | The Taylor State Bank | Emington, IL | $5.0 million | $1.5 million |
| March 25, 1985 | Golden Valley Bank | Turlock, CA | $82.2 million | $9.4 million |
| March 29, 1985 | Fidelity Bank of Denver | Denver, CO | $54.7 million | $12.2 million |
| April 4, 1985 | Bank of Hunter | Hunter, OK | $3.0 million | $1.2 million |
| April 5, 1985 | Capistrano National Bank | San Juan Capistra, CA | $58.2 million | $6.4 million |
| April 10, 1985 | State Bank of Alexandria | Alexandria, NE | $2.5 million | $170 thousand |
| April 12, 1985 | State Savings and Loan Association | Salt Lake City, UT | $639 million | none |
| April 12, 1985 | South Coast Bank | Costa Mesa, CA | $31.3 million | $1.2 million |
| April 12, 1985 | First State Bank of Elgin, Oregon | Elgin, OR | $18.2 million | $4.9 million |
| April 18, 1985 | The Peoples National Bank of Lampasas | Lampasas, TX | $39.4 million | $3.9 million |
| April 18, 1985 | The First National Bank of Springfield | Springfield, CO | $15.3 million | $5.3 million |
| April 26, 1985 | First Enterprise Bank | Oakland, CA | $43.8 million | none |
| April 26, 1985 | Peoples State Bank | Odebolt, IA | $13.5 million | $2.3 million |
| May 2, 1985 | The Bank of Commerce | Chanute, KS | $66.8 million | $15.9 million |
| May 3, 1985 | Farmers State Bank, St. Joseph, Missouri | St. Joseph, MO | $50.9 million | $13.3 million |
| May 3, 1985 | Farmers Savings Bank | Massena, IA | $16.9 million | $6.4 million |
| May 9, 1985 | Story County State Bank | Story City, IA | $33.6 million | $6.6 million |
| May 16, 1985 | Bank of Newcastle | Newcastle, OK | $32.6 million | $11.0 million |
| May 16, 1985 | The Energy Bank, National Association | Dallas, TX | $29.7 million | $7.5 million |
| May 23, 1985 | Northwest Bank | White Settlement, TX | $54.0 million | $11.5 million |
| May 31, 1985 | Bank of Lockesburg | Lockesburg, AR | $25.5 million | $7.4 million |
| May 31, 1985 | First Trust Bank of Lakefield | Lakefield, MN | $24.3 million | $9.4 million |
| May 31, 1985 | Bank of Taylor | Taylor, NE | $14.5 million | $1.7 million |
| May 31, 1985 | The Fairfield State Bank | Fairfield, NE | $6.8 million | $1.7 million |
| May 31, 1985 | Security State Bank | Edgar, NE | $6.6 million | $1.1 million |
| May 31, 1985 | Scroggin and Company Bank | Oak, NE | $3.6 million | $165 thousand |
| June 7, 1985 | Community Federal Savings and Loan Association | Nashville, TN | $22.7 million | $3.6 million |
| June 7, 1985 | Magnolia Federal Savings and Loan Association | Knoxville, TN | $4.8 million | $1.5 million |
| June 11, 1985 | American National Bank of Riverton | Riverton, WY | $37.9 million | $10.6 million |
| June 13, 1985 | The First State Bank | Edna, KS | $8.3 million | $2.8 million |
| June 14, 1985 | Swift County Bank | Benson, MN | $41.6 million | $8.4 million |
| June 14, 1985 | Strong's Bank | Dodgeville, WI | $30.7 million | $2 thousand |
| June 20, 1985 | Farmers State Bank of Dexter, Kansas | Dexter, KS | $4.3 million | $1.3 million |
| June 21, 1985 | Golden Pacific National Bank | New York, NY | $146 million | none |
| June 21, 1985 | First City Bank, National Association | Oklahoma City, OK | $97.8 million | $32.6 million |
| June 21, 1985 | Urbana Savings Bank | Urbana, IA | $7.2 million | $810 thousand |
| June 25, 1985 | Sun Belt Federal Bank, FSB | Lake Providence, LA | $278 million | $156 million |
| June 25, 1985 | Audubon Federal Savings and Loan Association | New Orleans, LA | $211 million | $166 million |
| June 25, 1985 | Northlake Federal Savings and Loan Association | Covington, LA | $141 million | $89.3 million |
| June 25, 1985 | New Orleans Federal Savings and Loan Association | New Orleans, LA | $118 million | $73.5 million |
| June 25, 1985 | Crescent Federal Savings Bank | New Orleans, LA | $89.1 million | $53.7 million |
| June 25, 1985 | Community Savings and Loan Association | Baton Rouge, LA | $47.9 million | $29.7 million |
| June 28, 1985 | First Bank and Trust | Tracy City, TN | $21.1 million | $2.9 million |
| July 2, 1985 | Madison Bank | Madison, KS | $8.4 million | $2.5 million |
| July 5, 1985 | The First National Bank of Jacksonville | Jacksonville, AL | $43.3 million | $9.1 million |
| July 11, 1985 | The Crossroads State Bank | Oklahoma City, OK | $17.8 million | $6.9 million |
| July 18, 1985 | Sunrise Savings and Loan Association | Lake Worth, FL | $1.5 billion | $419 million |
| July 18, 1985 | The First National Bank of Darrouzett | Darrouzett, TX | $18.2 million | $4.1 million |
| July 18, 1985 | Eskridge State Bank | Eskridge, KS | $10.1 million | $5.3 million |
| July 19, 1985 | Linn County State Bank | Linneus, MO | $5.4 million | $2.2 million |
| July 19, 1985 | Gilpin County Bank | Black Hawk, CO | $3.9 million | $1.3 million |
| July 23, 1985 | The First National Bank of Onaga | Onaga, KS | $22.4 million | $2.2 million |
| July 23, 1985 | First National Bank of Glenrock | Glenrock, WY | $18.7 million | $4.5 million |
| July 25, 1985 | Citizens State Bank of El Dorado | El Dorado, KS | $31.2 million | $1.5 million |
| July 25, 1985 | Kansas American Bank | Overland Park, KS | $25.7 million | $6.4 million |
| August 1, 1985 | Riverside National Bank of Houston | Houston, TX | $18.4 million | $3.6 million |
| August 2, 1985 | Bell Savings Banc of Texas A Savings Association | Temple, TX | $185 million | $178 million |
| August 2, 1985 | Farmers State Bank of Round Lake | Round Lake, MN | $23.2 million | $7.5 million |
| August 2, 1985 | Farmers State Bank | Rising City, NE | $12.8 million | $320 thousand |
| August 6, 1985 | Mineola State Bank | Mineola, IA | $5.2 million | $213 thousand |
| August 8, 1985 | Security Bank & Trust Company | Midwest City, OK | $35.0 million | $6.9 million |
| August 9, 1985 | Sierra Federal Savings and Loan Association | Denver, CO | $48.4 million | $56.3 million |
| August 9, 1985 | State Bank of Farmersville | Farmersville, IL | $12.0 million | $2.2 million |
| August 14, 1985 | State Bank of Herndon, Kansas | Herndon, KS | $6.2 million | $1.6 million |
| August 15, 1985 | Park West Bank, National Association | Farmers Branch, TX | $20.5 million | $5.3 million |
| August 16, 1985 | Montana Savings and Loan Association of Kalispell | Kalispell, MT | $26.9 million | $12.9 million |
| August 20, 1985 | Centennial Savings, A Federal Savings and Loan Association | Guerneville, CA | $368 million | $149 million |
| August 23, 1985 | Alliance Federal Savings and Loan Association | Kenner, LA | $188 million | $148 million |
| August 23, 1985 | The Bank of Bronson | Bronson, KS | $9.6 million | $3.0 million |
| August 28, 1985 | Presidio Savings and Loan Association, A Federal Savings and Loan Associ | Porterville, CA | $284 million | $96.6 million |
| August 28, 1985 | Missouri Delta Bank | Hayti, MO | $9.1 million | $1.4 million |
| August 28, 1985 | Cardwell State Bank | Cardwell, MO | $6.2 million | $868 thousand |
| August 30, 1985 | Westside Federal Savings and Loan Association | Seattle, WA | $378 million | $101 million |
| August 30, 1985 | Moncor Bank, National Association | Hobbs, NM | $229 million | $54.0 million |
| September 4, 1985 | The Bank of Loretto | Loretto, TN | $25.6 million | $3.9 million |
| September 6, 1985 | Bank of Clifton | Clifton, CO | $10.9 million | $2.7 million |
| September 12, 1985 | Moncor Bank, National Association | Roswell, NM | $33.3 million | $10.6 million |
| September 12, 1985 | First Security Bank of Dickson | Dickson, TN | $14.8 million | $1.8 million |
| September 13, 1985 | Peoples National Bank of Rockland County | Ramapo, NY | $29.5 million | none |
| September 18, 1985 | Elba State Bank | Elba, NE | $4.7 million | $657 thousand |
| September 25, 1985 | The Sedan State Bank, Sedan, Kansas | Sedan, KS | $28.2 million | $8.3 million |
| September 27, 1985 | Western State Bank | Denton, TX | $27.8 million | $8.0 million |
| September 27, 1985 | The First National Bank in Terral | Terral, OK | $4.1 million | $1.7 million |
| October 3, 1985 | Tower Bank, National Association | Hialeah Gardens, FL | $20.5 million | $2.7 million |
| October 10, 1985 | Bank of Canton | Canton, OK | $22.4 million | $8.6 million |
| October 11, 1985 | The First National Bank of St. Joseph | St. Joseph, MO | $193 million | $27.1 million |
| October 11, 1985 | Saratoga State Bank | Saratoga, WY | $18.5 million | $4.3 million |
| October 17, 1985 | Farmers State Bank in Afton, Oklahoma | Afton, OK | $10.8 million | $2.8 million |
| October 18, 1985 | Farmers Savings, A Federal Savings and Loan Association | Davis, CA | $590 million | $138 million |
| October 18, 1985 | The Citizens Bank | Ogden, UT | $93.5 million | $33.9 million |
| October 18, 1985 | The Early Bank | Early, TX | $15.8 million | $3.1 million |
| October 18, 1985 | First State Bank | Jet, OK | $12.3 million | $5.6 million |
| October 18, 1985 | Farmers State Bank of Kanaranzi | Kanaranzi, MN | $3.9 million | $997 thousand |
| November 1, 1985 | Yellowstone State Bank-Lander | Lander, WY | $18.7 million | $12.3 million |
| November 1, 1985 | Aurora Bank | Aurora, CO | $16.6 million | $7.5 million |
| November 1, 1985 | Early Savings Bank | Early, IA | $12.9 million | $1.2 million |
| November 8, 1985 | Northshore Bank | Houston, TX | $47.2 million | $12.2 million |
| November 8, 1985 | Auburn Savings Bank | Auburn, IA | $6.8 million | $714 thousand |
| November 14, 1985 | First National Bank of Teague | Teague, TX | $32.0 million | $7.9 million |
| November 21, 1985 | The Farmers and Merchants State Bank of Rush County | La Crosse, KS | $32.6 million | $10.0 million |
| November 21, 1985 | Decatur County National Bank of Oberlin | Oberlin, KS | $18.4 million | $4.0 million |
| November 21, 1985 | The Dill State Bank | Dill City, OK | $15.5 million | $6.9 million |
| November 21, 1985 | The Clarksdale Bank of Clarksdale | Clarksdale, MO | $6.2 million | $2.0 million |
| November 22, 1985 | California Heritage Bank | San Diego, CA | $24.1 million | $3.2 million |
| November 22, 1985 | Chester State Bank | Chester, TX | $11.7 million | $2.1 million |
| November 22, 1985 | Allen County Bank and Trust Company | Leo, IN | $10.9 million | none |
| November 26, 1985 | U. S. Mutual Savings and Loan Association, FSA | Ann Arbor, MI | $306 million | $31.1 million |
| December 4, 1985 | Citizens Savings and Loan Association | Salem, OR | $240 million | $85.2 million |
| December 5, 1985 | The Farmers and Merchants National Bank of Hennessey | Hennessy, OK | $28.7 million | $5.5 million |
| December 5, 1985 | Security State Bank | Broken Bow, NE | $8.0 million | $1.6 million |
| December 6, 1985 | State Federal Savings and Loan Association | Corvallis, OR | $564 million | $249 million |
| December 6, 1985 | Guaranty Savings and Loan Association | Harrison, AR | $451 million | $64.1 million |
| December 13, 1985 | First National Bank of Lincoln County | Ruidoso, NM | $32.0 million | $16.7 million |
| December 13, 1985 | Lake National Bank | Lake Ozark, MO | $19.8 million | $2.1 million |
| December 13, 1985 | The Farmers State Bank of Barry County, Exeter, Missouri | Exeter, MO | $4.2 million | $1.2 million |
| December 19, 1985 | Princeton State Bank | Princeton, MO | $18.4 million | $5.8 million |
| December 19, 1985 | Farmers State Bank | Sargent, NE | $12.5 million | $1.6 million |
| December 19, 1985 | Bank of Panama | Panama, NE | $4.4 million | $1.4 million |
| December 19, 1985 | Farmers & Merchants Bank | Comstock, NE | $3.3 million | $785 thousand |
| December 20, 1985 | First City Bank | Glendale, CA | $35.8 million | $5.9 million |
| December 20, 1985 | State Bank of Frost | Frost, MN | $7.7 million | $2.0 million |
Assistance transactions in 1985
In these cases the FDIC or another insurer gave financial help to an insured institution instead of closing it outright. They are not counted as failures on this site.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| January 1, 1985 | Fidelity S&L | Martins Ferry, OH | $72.5 million | not estimated |
| January 1, 1985 | Peoples S&LA | Honolulu, HI | $15.0 million | $4.3 million |
| April 23, 1985 | Beverly Hills S&LA | Beverly Hills, CA | $2.9 billion | $1.4 billion |
| May 1, 1985 | Brighton FS&LA | Brighton, CO | $91.4 million | $22.3 million |
| May 2, 1985 | Capital City FS&LA | Washington, DC | $361 million | $27.1 million |
| May 2, 1985 | Northern Virginia S&LA | Arlington, VA | $237 million | $18.9 million |
| May 2, 1985 | First Federal of Titusville | Titusville, FL | $163 million | $7.1 million |
| May 10, 1985 | First Financial Bank, FSB | New Orleans, LA | $739 million | $51.5 million |
| May 22, 1985 | Home FS&LA | Marion, OH | $202 million | none |
| May 28, 1985 | First FS&LA of Freeport | Freeport, IL | $63.3 million | $13.6 million |
| May 31, 1985 | Central S&LA | San Diego, CA | $2.3 billion | $327 million |
| May 31, 1985 | Bank of Oregon | Woodburn, OR | $117 million | $18.8 million |
| June 6, 1985 | Southern California S&LA | Beverly Hills, CA | $1.5 billion | $224 million |
| June 21, 1985 | Eureka FS&LA | San Carlos, CA | $1.6 billion | $453 million |
| June 26, 1985 | Century Sa | Shawnee Msn, KS | $91.8 million | $16.2 million |
| July 1, 1985 | Citizens S&LA | Batesville, MS | $18.4 million | $4.1 million |
| July 19, 1985 | Flushing FS&LA | Flushing, NY | $528 million | $22.9 million |
| July 25, 1985 | Bell S&LA | San Mateo, CA | $1.6 billion | $830 million |
| August 1, 1985 | Western Heritage FS&LA | Pendleton, OR | $175 million | $8.8 million |
| August 7, 1985 | Butterfield S&LA | Santa Ana, CA | $708 million | $371 million |
| August 16, 1985 | The Commercial Bank | Andalusia, AL | $77.8 million | none |
| September 3, 1985 | Citizens FS&LA | Matteson, IL | $134 million | $3.0 million |
| September 6, 1985 | Heights Savings Association | Houston, TX | $437 million | $739 million |
| September 20, 1985 | Glen Ellyn S&LA | Glen Ellyn, IL | $122 million | $18.5 million |
| September 27, 1985 | Family FS&LA | Springfield, VA | $57.1 million | $776 thousand |
| September 27, 1985 | Golden Pacific S&LA | Windsor, CA | $45.6 million | $6.1 million |
| October 1, 1985 | Bowery Savings Bank | New York, NY | $5.3 billion | $335 million |
| October 1, 1985 | Security FS&LA | Alberquerque, NM | $169 million | $19.5 million |
| October 1, 1985 | Baton Rouge S&LA | Baton Rouge, LA | $116 million | $5.2 million |
| October 4, 1985 | Sun S&LA | Portland, ME | $232 million | $17.5 million |
| October 28, 1985 | Security Trust S&LA | Oakridge, TN | $28.8 million | $10.4 million |
| November 1, 1985 | Lewis FS&LA | Chehalis, WA | $51.9 million | $1.8 million |
| November 25, 1985 | Hi-Plains S&LA | Hereford, TX | $115 million | $113 million |
| December 1, 1985 | Citizens FS&LA | Seattle, WA | $461 million | $18.0 million |
| December 2, 1985 | Home FS&LA | Sioux City, IA | $115 million | $10.0 million |
| December 2, 1985 | Home FS&LA | Paducah, KY | $107 million | $21.2 million |
| December 2, 1985 | Midland FS&LA | Moorhead, MN | $38.0 million | $48.9 million |
| December 20, 1985 | State S&LA of Lubbock | Lubbock, TX | $842 million | $1.1 billion |
| December 20, 1985 | Brownfield S&LA | Brownfield, TX | $64.7 million | $11.0 million |
| December 31, 1985 | Home Savings Bank | White Plains, NY | $414 million | $5.7 million |
| December 31, 1985 | Sun FS&LA | Talahassee, FL | $367 million | $12.9 million |