162 failures · $15.3 billion in assets
Bank failures in 1986
162 insured banks failed in 1986, up from 139 in 1985. Together they reported $15.3 billion in assets, and the FDIC's estimated loss on them is $8.2 billion. The largest was Western Savings Association of Dallas, Texas, at $2.0 billion. Texas led with 28 failures, ahead of California with 17. The FDIC also recorded 42 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 9, 1986 | Manhattan Beach Savings and Loan Association | Manhattan Beach, CA | $51.1 million | $23.8 million |
| January 9, 1986 | First State Bank | Cache, OK | $20.7 million | $4.1 million |
| January 9, 1986 | The First National Bank of White City | White City, KS | $9.6 million | $3.4 million |
| January 10, 1986 | Bank of Dixie | Lake Providence, LA | $41.4 million | $13.6 million |
| January 17, 1986 | First Progressive Bank | Metairie, LA | $39.4 million | $15.6 million |
| January 17, 1986 | American Bank of Casper | Casper, WY | $20.5 million | $7.1 million |
| January 24, 1986 | Utah Firstbank | Salt Lake City, UT | $38.5 million | $10.3 million |
| January 24, 1986 | Pioneer State Bank | Salt Lake City, UT | $11.7 million | $537 thousand |
| January 30, 1986 | Bohemian Savings and Loan Association | St. Louis, MO | $242 million | $101 million |
| February 6, 1986 | The Peoples National Bank and Trust Company | Albia, IA | $52.0 million | $13.4 million |
| February 7, 1986 | Valencia Bank | Placentia, CA | $101 million | none |
| February 7, 1986 | Johnson County Bank | Tecumseh, NE | $20.2 million | $4.8 million |
| February 12, 1986 | Mt. Whitney Savings and Loan Association | Exeter, CA | $81.6 million | $29.8 million |
| February 14, 1986 | American Diversified Savings Bank | Costa Mesa, CA | $979 million | $744 million |
| February 14, 1986 | Park Bank of Florida | St. Petersburg, FL | $592 million | $135 million |
| February 14, 1986 | Intercapital Savings Bank | Jacksonville Beach, FL | $65.2 million | $33.4 million |
| February 14, 1986 | First National Bank of Tipton | Tipton, IA | $17.9 million | $665 thousand |
| February 14, 1986 | Executive Center Bank, National Association | Dallas, TX | $9.9 million | $3.2 million |
| February 21, 1986 | Capitol Savings and Loan Association, A Federal Savings and Loan Associa | Mount Pleasant, IA | $192 million | $99.0 million |
| February 21, 1986 | Elk City State Bank | Elk City, OK | $22.2 million | $7.9 million |
| February 21, 1986 | First National Bank at Douglas | Douglas, WY | $14.0 million | $4.1 million |
| February 27, 1986 | The First National Bank of Gorman | Gorman, TX | $14.5 million | $5.7 million |
| March 6, 1986 | The City National Bank of Plainview | Plainview, TX | $48.4 million | $1.6 million |
| March 6, 1986 | The First National Bank of Tekamah | Tekamah, NE | $21.2 million | $2.2 million |
| March 7, 1986 | The Citizens Bank of Winigan Missouri | Winigan, MO | $6.5 million | $1.3 million |
| March 14, 1986 | Farmers and Merchants State Bank of Lamberton | Lamberton, MN | $17.1 million | $3.6 million |
| March 20, 1986 | Williams Savings Bank | Williams, IA | $12.8 million | $359 thousand |
| March 21, 1986 | Guaranty Savings and Loan Association | Longview, WA | $22.3 million | $3.4 million |
| March 27, 1986 | Westwood Savings and Loan Association | Los Angeles, CA | $583 million | not estimated |
| March 27, 1986 | First State Bank | Memphis, TX | $17.0 million | $4.7 million |
| March 27, 1986 | Stockholm State Bank | Stockholm, SD | $7.2 million | $991 thousand |
| March 27, 1986 | First State Bank | White Cloud, KS | $6.1 million | $1.4 million |
| March 28, 1986 | Family Bank | Ogden, UT | $28.0 million | $2.8 million |
| March 28, 1986 | Farmers and Merchants Bank of Huntsville, Missouri | Huntsville, MO | $16.6 million | $4.7 million |
| April 3, 1986 | Eddy County National Bank | Carlsbad, NM | $30.4 million | $10.9 million |
| April 3, 1986 | Industrial National Bank of East Chicago | East Chicago, IN | $8.4 million | $1.2 million |
| April 4, 1986 | Mainland Savings Association | Houston, TX | $1.0 billion | $1.1 billion |
| April 10, 1986 | The National Bank | Dyersville, IA | $43.0 million | $11.2 million |
| April 10, 1986 | The First National Bank of Ruston | Ruston, LA | $31.5 million | $2.3 million |
| April 10, 1986 | The Peoples Bank of Mercer | Mercer, MO | $10.4 million | $2.0 million |
| April 11, 1986 | Center National Bank | Los Angeles, CA | $47.7 million | $10.9 million |
| April 14, 1986 | Gateway Savings Bank | San Francisco, CA | $156 million | not estimated |
| April 16, 1986 | Summit Savings and Loan Association | Park City, UT | $211 million | $46.1 million |
| April 18, 1986 | Florida Center Bank | Orlando, FL | $78.9 million | $14.8 million |
| April 22, 1986 | Union County Bank | Maynardville, TN | $32.9 million | $3.5 million |
| April 24, 1986 | First National Bank of Irving | Irving, TX | $38.5 million | $5.2 million |
| April 24, 1986 | The First National Bank of Bandera | Bandera, TX | $15.5 million | $2.5 million |
| May 1, 1986 | The Bedford National Bank | Bedford, IA | $19.3 million | $4.6 million |
| May 1, 1986 | The First National Bank of Carter | Carter, OK | $7.3 million | $1.5 million |
| May 1, 1986 | Bank of Nortonville | Nortonville, KS | $7.2 million | $2.5 million |
| May 8, 1986 | Bank of Commerce and Trust Company | Tulsa, OK | $183 million | $52.9 million |
| May 9, 1986 | First Bank & Trust of Idaho | Malad City, ID | $55.9 million | $17.2 million |
| May 9, 1986 | Rainsville Bank | Rainsville, AL | $17.5 million | $566 thousand |
| May 15, 1986 | The Citizens State Bank of St. Francis | St. Francis, KS | $24.2 million | $8.4 million |
| May 15, 1986 | Saddleback National Bank | Laguna Hills, CA | $13.5 million | $3.9 million |
| May 22, 1986 | Consolidated Savings Bank | Irvine, CA | $84.4 million | $36.1 million |
| May 23, 1986 | First State Bank & Trust Company | Edinburg, TX | $138 million | $21.7 million |
| May 23, 1986 | Sunshine State Bank | South Miami, FL | $109 million | $58.5 million |
| May 23, 1986 | Centennial State Bank of Colorado | Englewood, CO | $20.4 million | $2.0 million |
| May 28, 1986 | Roseland State Bank | Roseland, NE | $12.0 million | $662 thousand |
| May 29, 1986 | The First National Bank and Trust Company of Norman | Norman, OK | $73.2 million | $28.7 million |
| May 29, 1986 | The Lone Rock Bank, National Association | Lone Rock, IA | $7.5 million | $2.2 million |
| May 30, 1986 | Bank of Columbia Falls | Columbia Falls, MT | $41.5 million | $18.4 million |
| May 30, 1986 | Banco de Ahorro, F.S.B. | Mayaguez, PR | $34.0 million | $7.0 million |
| May 31, 1986 | Seapointe Savings and Loan Association | Carlsbad, CA | $17.3 million | $36.6 million |
| June 5, 1986 | The Citizens State Bank of McCracken Kans. | McCracken, KS | $11.4 million | $6.0 million |
| June 6, 1986 | Security Bank of Glenrock | Glenrock, WY | $6.0 million | $2.3 million |
| June 12, 1986 | PetroBank, National Association | Houston, TX | $35.5 million | $12.6 million |
| June 13, 1986 | Bossier Bank and Trust Company | Bossier City, LA | $216 million | $86.2 million |
| June 13, 1986 | The Bank of Commerce | Shreveport, LA | $75.4 million | $27.8 million |
| June 19, 1986 | First National Bank of Borger | Borger, TX | $80.1 million | $29.5 million |
| June 19, 1986 | The First National Bank of Chanute | Chanute, KS | $45.4 million | $9.5 million |
| June 20, 1986 | The American Bank | Alma, WI | $40.0 million | $3.3 million |
| June 26, 1986 | Continental National Bank of Kentucky | Louisville, KY | $10.1 million | $405 thousand |
| June 26, 1986 | Union Deposit Bank | Union, KY | $5.8 million | $1.3 million |
| June 27, 1986 | Commercial State Bank | Pocahontas, IA | $47.9 million | $9.9 million |
| June 27, 1986 | Orange Coast Thrift and Loan Association | Los Alamitos, CA | $14.0 million | $5.4 million |
| June 27, 1986 | The Home State Bank, Rochester, Texas | Rochester, TX | $9.2 million | $3.1 million |
| July 2, 1986 | National Bank of Texas | Austin, TX | $33.4 million | $14.5 million |
| July 11, 1986 | Farmers State Bank of Clarissa | Clarissa, MN | $17.9 million | $7.3 million |
| July 14, 1986 | The First National Bank and Trust Company of Oklahoma City | Oklahoma City, OK | $1.8 billion | $221 million |
| July 17, 1986 | New Mexico National Bank | Albuquerque, NM | $159 million | $34.3 million |
| July 17, 1986 | The First National Bank of Sheridan | Sheridan, WY | $69.3 million | $5.6 million |
| July 17, 1986 | Fillmore County Bank | Geneva, NE | $12.0 million | $2.4 million |
| July 17, 1986 | The Bank of Kiowa | Kiowa, KS | $10.9 million | $5.1 million |
| July 17, 1986 | Callao Community Bank | Callao, MO | $5.7 million | $1.0 million |
| July 18, 1986 | Permian Bank | Odessa, TX | $41.2 million | $10.4 million |
| July 18, 1986 | Farmers' Bank | Trimble, TN | $21.4 million | $7.4 million |
| July 24, 1986 | The First National Bank of Prairie City | Prairie City, IA | $18.9 million | $1.8 million |
| July 24, 1986 | McCune State Bank | McCune, KS | $9.1 million | $1.7 million |
| July 25, 1986 | Central Illinois Savings, A FA | Virden, IL | $47.6 million | $18.7 million |
| July 25, 1986 | Major Federal Savings and Loan Association | Cincinnati, OH | $25.0 million | $8.8 million |
| July 25, 1986 | Mountain Valley Bank | Conifer, CO | $8.1 million | $580 thousand |
| July 25, 1986 | The Bank of Park County | Bailey, CO | $6.0 million | none |
| July 31, 1986 | The Gering National Bank & Trust Company | Gering, NE | $70.2 million | $19.5 million |
| July 31, 1986 | Citizens State Bank | Iowa Falls, IA | $54.0 million | $4.8 million |
| July 31, 1986 | First National Bank in Cordell | Cordell, OK | $23.0 million | $8.8 million |
| July 31, 1986 | Eden State Bank | Eden, TX | $13.3 million | $2.5 million |
| August 7, 1986 | First Citizens Bank | Dallas, TX | $113 million | $16.1 million |
| August 7, 1986 | The First National Bank and Trust Company of El Reno | El Reno, OK | $47.2 million | $15.5 million |
| August 7, 1986 | The Easton State Bank | Eston, KS | $17.2 million | $3.7 million |
| August 7, 1986 | Graettinger State Bank | Graettinger, IA | $11.8 million | $711 thousand |
| August 8, 1986 | Peninsula Savings and Loan Association | Soldotna, AK | $42.6 million | $13.4 million |
| August 8, 1986 | Medicine Bow State Bank | Medicine Bow, WY | $4.8 million | $1.6 million |
| August 14, 1986 | Citizens National Bank & Trust Co., Oklahoma City, Oklahoma | Oklahoma City, OK | $179 million | $55.8 million |
| August 14, 1986 | The State Exchange Bank | Yates Center, KS | $27.8 million | $7.5 million |
| August 20, 1986 | Mendon State Bank | Mendon, IL | $18.9 million | $8.0 million |
| August 21, 1986 | United Bank of Minneapolis | Minneapolis, KS | $22.7 million | $2.4 million |
| August 21, 1986 | The First National Bank in Rifle | Rifle, CO | $17.6 million | $3.4 million |
| August 21, 1986 | Danbury Bank | Danbury, TX | $9.4 million | $2.5 million |
| August 27, 1986 | Metropolitan Federal Savings and Loan Association | Hialeah, FL | $49.8 million | not estimated |
| August 28, 1986 | Buena Vista Bank & Trust Company | Buena Vista, CO | $32.8 million | $12.2 million |
| August 28, 1986 | Albany State Bank | Albany, MO | $4.7 million | $2.1 million |
| August 28, 1986 | American National Bank of Eastridge | Casper, WY | $4.4 million | $1.2 million |
| September 4, 1986 | Western Bank | Midland, TX | $77.4 million | $27.5 million |
| September 4, 1986 | Fairview State Bank of Fairview, Okla. | Fairview, OK | $24.0 million | $6.5 million |
| September 10, 1986 | Central Bank and Trust of Tulsa | Tulsa, OK | $80.1 million | $13.4 million |
| September 12, 1986 | Western Savings Association | Dallas, TX | $2.0 billion | $2.3 billion |
| September 12, 1986 | Ramona Savings and Loan Association | Fillmore, CA | $108 million | $59.5 million |
| September 18, 1986 | Texas Independence Bank | Pasadena, TX | $12.3 million | $3.2 million |
| September 19, 1986 | Texas Bank and Trust Co. | Lubbock, TX | $39.2 million | $11.8 million |
| September 25, 1986 | Heritage National Bank | Richardson, TX | $33.1 million | $14.1 million |
| September 25, 1986 | The Home State Bank | La Crosse, KS | $14.7 million | $5.5 million |
| September 26, 1986 | American Bank & Trust Company | Lafayette, LA | $211 million | $65.5 million |
| October 2, 1986 | Missouri Farmers Bank, Maitland, Missouri | Mound City, MO | $26.0 million | $7.2 million |
| October 2, 1986 | Century National Bank | Houston, TX | $15.5 million | $5.3 million |
| October 2, 1986 | Frontier National Bank | Vista, CA | $9.9 million | $1.7 million |
| October 3, 1986 | Columbia Community Bank | Hermiston, OR | $5.3 million | $1.0 million |
| October 9, 1986 | Independent National Bank | Covina, CA | $28.3 million | $1.4 million |
| October 10, 1986 | Homestead Savings and Loan Association | Woodward, OK | $135 million | $104 million |
| October 10, 1986 | Unified Savings Bank | Northridge, CA | $103 million | not estimated |
| October 17, 1986 | Valley State Bank | Baggs, WY | $5.0 million | $718 thousand |
| October 23, 1986 | Security National Bank | Anchorage, AK | $41.8 million | $22.0 million |
| October 23, 1986 | Bank of Gering | Gering, NE | $24.2 million | $3.9 million |
| October 23, 1986 | Stillwater Community Bank | Stillwater, OK | $22.6 million | $7.6 million |
| October 31, 1986 | Republic Bank | Blanchard, LA | $41.7 million | $11.6 million |
| November 5, 1986 | Sedgwick County Bank | Julesburg, CO | $3.8 million | $1.5 million |
| November 6, 1986 | The First National Bank and Trust Company of Enid | Enid, OK | $100 million | $27.4 million |
| November 6, 1986 | The Home Bank, Savannah, Missouri | Savannah, MO | $39.1 million | $7.5 million |
| November 6, 1986 | First Stock Yards Bank | St. Joseph, MO | $31.6 million | $8.7 million |
| November 6, 1986 | The Citizens State Bank | Donna, TX | $27.5 million | $6.9 million |
| November 7, 1986 | Metropolitan Bank & Trust Company | Baton Rouge, LA | $70.1 million | $28.7 million |
| November 7, 1986 | Chokio State Bank | Chokio, MN | $11.9 million | $4.9 million |
| November 13, 1986 | The Hoxie State Bank | Hoxie, KS | $35.8 million | $9.0 million |
| November 14, 1986 | The Bank of Northern California | San Jose, CA | $16.1 million | $133 thousand |
| November 14, 1986 | First National Bank of Temple | Temple, OK | $7.3 million | $511 thousand |
| November 20, 1986 | First National Bank | Willows, CA | $63.0 million | $2.5 million |
| November 20, 1986 | Norman Bank of Commerce | Norman, OK | $43.5 million | $12.4 million |
| November 20, 1986 | Texana National Bank of College Station | College Station, TX | $12.1 million | $3.0 million |
| December 4, 1986 | Panhandle Bank & Trust Company | Borger, TX | $112 million | $17.8 million |
| December 4, 1986 | Hays State Bank | Hays, KS | $27.8 million | $15.5 million |
| December 4, 1986 | First National Bank of Stewartville | Stewartville, MN | $18.5 million | $980 thousand |
| December 5, 1986 | Firstsouth, FA | Pine Bluff, AR | $1.7 billion | $1.7 billion |
| December 5, 1986 | Cordell National Bank | Cordell, OK | $78.6 million | $35.6 million |
| December 9, 1986 | The Citizens Bank of Windsor | Windsor, MO | $24.8 million | $7.7 million |
| December 12, 1986 | Guaranty Federal Bank FSB | Casper, WY | $63.8 million | $18.9 million |
| December 12, 1986 | First Savings of America | Orland Park, IL | $47.0 million | not estimated |
| December 18, 1986 | First Bank & Trust Co. | Booker, TX | $94.9 million | $35.8 million |
| December 18, 1986 | Landmark National Bank | Denver, CO | $12.9 million | $4.2 million |
| December 18, 1986 | Lago Vista National Bank | Lago Vista, TX | $11.9 million | $5.3 million |
| December 19, 1986 | Lakeland State Bank | Pequot Lakes, MN | $49.4 million | $7.0 million |
| December 19, 1986 | Farmers State Bank | Lueders, TX | $9.7 million | $3.0 million |
Assistance transactions in 1986
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 2, 1986 | First FS&LA | Ashtabula, OH | $52.8 million | not estimated |
| January 31, 1986 | Great West S&LA | Las Vegas, NV | $52.1 million | $3 thousand |
| February 7, 1986 | Coronado FS&LA | Kansas City, KS | $12.7 million | $24 thousand |
| March 14, 1986 | Mercury S&LA of Texas | Wichita Falls, TX | $664 million | $579 million |
| March 14, 1986 | Ben Milam S&LA | Cameron, TX | $306 million | $348 million |
| March 20, 1986 | First FS&LA of Redding | Redding, CA | $39.6 million | none |
| March 20, 1986 | Hacienda FS&LA | Oxnard, CA | $34.5 million | none |
| March 28, 1986 | United Bank, SSB | San Francisco, CA | $590 million | $52.0 million |
| April 14, 1986 | Columbus S&LA | San Rafael, CA | $271 million | $117 million |
| April 14, 1986 | First American S&LA | Benton, IL | $80.6 million | $25.5 million |
| April 16, 1986 | The Talmage State Bank | Talmage, KS | $9.3 million | $1.5 million |
| April 30, 1986 | Washington First FS&LA | St. Louis, MO | $57.5 million | $1 thousand |
| June 6, 1986 | Mountain Security SB | Wytheville, VA | $125 million | $18.9 million |
| June 6, 1986 | First of Montgomery County | Blacksburg, VA | $14.5 million | $3.3 million |
| June 27, 1986 | The State S&L Co. | Euclid, OH | $382 million | $176 thousand |
| June 27, 1986 | Citizens Home Savings Company | Lorain, OH | $156 million | $138 thousand |
| July 9, 1986 | Equitable FSB | Lancaster, OH | $691 million | $152 million |
| July 14, 1986 | Atlas S&LA | San Francisco, CA | $76.4 million | $8.5 million |
| July 18, 1986 | Sun S&LA | San Diego, CA | $371 million | $39.8 million |
| July 23, 1986 | Lincoln S&LA | Portland, OR | $262 million | $25.2 million |
| August 1, 1986 | National Permanent Bank FSB | Washington, DC | $1.0 billion | $52.9 million |
| August 15, 1986 | State Bank of Westphalia | Westphalia, KS | $4.8 million | none |
| August 27, 1986 | Reserve S&LA | Witchita, KS | $21.5 million | $8.2 million |
| August 29, 1986 | Citizens FS&LA | Cleveland, OH | $435 million | $82.7 million |
| August 29, 1986 | Dollar Savings Bank | Columbus, OH | $334 million | $33.1 million |
| August 29, 1986 | First Sa of Kilgore | Kilgore, TX | $21.6 million | not estimated |
| August 30, 1986 | Mid Valley Bank | Omak, WA | $39.1 million | $221 thousand |
| September 11, 1986 | De Vargas S&LA Bank | Santa Fe, NM | $19.1 million | $3.4 million |
| September 19, 1986 | Cal America S&LA | Walnut Creek, CA | $413 million | $167 million |
| October 1, 1986 | Republic Savings Bank | South Beloit, IL | $56.8 million | $20.3 million |
| October 23, 1986 | Farmers FS&LA | Ravenswood, WV | $131 million | $238 thousand |
| October 23, 1986 | First State S&LA | Spartansburg, SC | $78.8 million | $64 thousand |
| October 31, 1986 | Family FS&LA | Saginaw, MI | $339 million | $17.2 million |
| November 21, 1986 | Gulf Federal Savings Bank | Metairie, LA | $499 million | $279 million |
| November 21, 1986 | First Security S&LA | Grand Junction, CO | $55.2 million | none |
| November 24, 1986 | Bank of Oklahoma, Okla. City, N.A. | Oklahoma City, OK | $468 million | $78.8 million |
| November 26, 1986 | Bank of Commerce | Morristown, TN | $66.6 million | $11.3 million |
| December 16, 1986 | Barron County FS&LA | Barron, WI | $158 million | $24.8 million |
| December 22, 1986 | St. Louis FS&LA | Clayton, MO | $955 million | $75.1 million |
| December 29, 1986 | Bank of Kansas City | Kansas City, MO | $114 million | $1.2 million |
| December 31, 1986 | Lincoln FS&LA | Louisville, KY | $461 million | $93.0 million |
| December 31, 1986 | Citizens Bank & Trust Company | Arcadia, LA | $10.4 million | $197 thousand |