217 failures · $15.8 billion in assets
Bank failures in 1987
217 insured banks failed in 1987, up from 162 in 1986. Together they reported $15.8 billion in assets, and the FDIC's estimated loss on them is $6.0 billion. The largest was Freedom Savings and Loan Association of Tampa, Florida, at $1.9 billion. The costliest for the insurance fund was Independent American Savings and Loan Association, at an estimated $1.6 billion. Texas led with 54 failures, ahead of Oklahoma with 36. The FDIC also recorded 45 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 8, 1987 | The Security National Bank and Trust Company of Norman | Norman, OK | $199 million | $86.2 million |
| January 8, 1987 | Bowie National Bank | Bowie, TX | $12.3 million | $800 thousand |
| January 8, 1987 | American National Bank of Grand Junction | Grand Junction, CO | $7.7 million | $1.6 million |
| January 9, 1987 | State Bank of Cuba | Cuba, IL | $18.3 million | $2.5 million |
| January 15, 1987 | Latimer Bank & Trust | Latimer, IA | $23.2 million | $3.2 million |
| January 15, 1987 | The First National Bank of Skiatook | Skiatook, OK | $14.0 million | $4.1 million |
| January 15, 1987 | The First National Bank of Rush Springs | Rush Springs, OK | $12.8 million | $3.7 million |
| January 15, 1987 | First Charter Bank | Denver, CO | $10.1 million | $3.0 million |
| January 16, 1987 | First Savings and Loan Association | Burkburnett, TX | $205 million | $269 million |
| January 16, 1987 | Umpqua Savings and Loan Association | Roseburg, OR | $108 million | $11.9 million |
| January 22, 1987 | National Bank of Frederick | Frederick, OK | $23.8 million | $10.5 million |
| January 23, 1987 | North America Savings and Loan Association | Santa Anna, CA | $220 million | $98.9 million |
| January 23, 1987 | The First National Bank of Marlboro | Marlborough, MA | $60.7 million | $18.7 million |
| January 23, 1987 | First Sierra Bank | Bishop, CA | $23.2 million | $4.1 million |
| January 29, 1987 | Montgomery County Bank, National Association | The Woodlands, TX | $48.5 million | $13.9 million |
| January 29, 1987 | The Farmers National Bank of Remington | Remington, IN | $34.7 million | $7.8 million |
| January 29, 1987 | Bear Creek National Bank | Bear Creek, TX | $26.6 million | $7.5 million |
| January 29, 1987 | Peoples State Bank & Trust Company | Holdenville, OK | $20.2 million | $5.1 million |
| January 29, 1987 | First State Bank of Pattonsburg | Pattonburg, MO | $5.9 million | $1.5 million |
| January 29, 1987 | The La Pryor State Bank | La Pryor, TX | $5.7 million | $1.6 million |
| February 5, 1987 | Boulevard State Bank | Wichita, KS | $102 million | $20.1 million |
| February 5, 1987 | State Bank of Allison | Allison, IA | $17.4 million | $1.5 million |
| February 5, 1987 | Sunbelt National Bank | Dallas, TX | $11.4 million | $5.0 million |
| February 5, 1987 | Market National Bank | Denver, CO | $8.7 million | $3.6 million |
| February 11, 1987 | Community Bank | Seiling, OK | $5.1 million | $2.4 million |
| February 12, 1987 | Federated National Bank | Live Oak, TX | $13.6 million | $4.9 million |
| February 12, 1987 | First City Bank of Atoka | Atoka, OK | $11.6 million | $2.5 million |
| February 12, 1987 | Security National Bank of Midland | Midland, TX | $8.6 million | $3.7 million |
| February 13, 1987 | Life Savings of America, A FSB | Rockford, IL | $342 million | $116 million |
| February 13, 1987 | The County Bank | Manatee County, FL | $187 million | $69.1 million |
| February 13, 1987 | Universal Savings Association FA | Chickasha, OK | $105 million | $40.4 million |
| February 13, 1987 | First State Bank of King City, Missouri | King City, MO | $14.5 million | $5.5 million |
| February 19, 1987 | First State Bank of Atmore | Atmore, AL | $12.4 million | none |
| February 20, 1987 | The First National Bank of Weslaco | Weslaco, TX | $70.7 million | $16.0 million |
| February 20, 1987 | Hub City Bank and Trust Company | Lafayette, LA | $38.0 million | $12.9 million |
| February 26, 1987 | Farmers State Bank | Hart, TX | $9.8 million | $1.2 million |
| February 26, 1987 | First National Bank of Crosby | Crosby, TX | $7.8 million | $2.4 million |
| February 27, 1987 | Key Savings and Loan Association | Englewood, CO | $242 million | $122 million |
| February 27, 1987 | First Federal Savings and Loan Association of Beloit, Beloit, Kansas | Beloit, KS | $82.9 million | $22.4 million |
| February 27, 1987 | The Lewistown Bank | Lewistown, IL | $15.3 million | $4.2 million |
| March 4, 1987 | The First State Bank | Rockford, IA | $15.8 million | $1.4 million |
| March 5, 1987 | Liberty Bank | Houston, TX | $57.2 million | $17.5 million |
| March 5, 1987 | First National Bank in West Concord | West Concord, MN | $9.1 million | $1.4 million |
| March 5, 1987 | Sealy National Bank | Sealy, TX | $7.7 million | $2.2 million |
| March 5, 1987 | First National Bank of Sapulpa | Sapulpa, OK | $7.5 million | $2.5 million |
| March 12, 1987 | Western Bank | El Paso, TX | $46.7 million | $13.5 million |
| March 12, 1987 | Plaza National Bank | Del Rio, TX | $34.2 million | $18.0 million |
| March 12, 1987 | Expressway Bank | Oklahoma City, OK | $19.1 million | $5.8 million |
| March 12, 1987 | The First National Bank of Olney | Olney, TX | $16.7 million | $2.5 million |
| March 13, 1987 | Victor Federal Savings and Loan Association | Muskogee, OK | $601 million | $236 million |
| March 13, 1987 | Beaver Creek State Bank | Beaver Creek, MN | $7.3 million | $964 thousand |
| March 17, 1987 | United Oklahoma Bank | Oklahoma City, OK | $172 million | $39.6 million |
| March 18, 1987 | Perpetual Savings Bank | Los Angeles, CA | $62.5 million | not estimated |
| March 19, 1987 | Red River National Bank in Clarksville | Clarksville, TX | $22.8 million | $5.3 million |
| March 19, 1987 | Sweeny Bank | Sweeney, TX | $19.7 million | $6.0 million |
| March 19, 1987 | Clarks Fork National Bank | Fromberg, MT | $8.4 million | $1.2 million |
| March 20, 1987 | Vernon Savings and Loan Association | Vernon, TX | $1.3 billion | $1.1 billion |
| March 20, 1987 | First Federal of Maryland, FSA | Hagerstown, MD | $95.7 million | $77.9 million |
| March 20, 1987 | First Southern Savings Association Jackson County | Pascagoula, MS | $47.1 million | $14.7 million |
| March 20, 1987 | The Madill Bank and Trust Company | Madill, OK | $39.6 million | $11.3 million |
| March 20, 1987 | New City Bank | Orange, CA | $26.0 million | $5.6 million |
| March 20, 1987 | Morocco State Bank | Morocco, IN | $16.3 million | $1.7 million |
| March 26, 1987 | The First State Bank in Billings | Billings, OK | $10.2 million | $1.2 million |
| March 27, 1987 | Equitable Savings and Loan Association | Stanton, CA | $58.9 million | $29.2 million |
| March 27, 1987 | Tallulah State Bank & Trust Company | Tallulah, LA | $31.1 million | $11.9 million |
| April 2, 1987 | The First National Bank of Herington | Herington, KS | $20.7 million | $4.9 million |
| April 9, 1987 | Deer Lodge Bank and Trust Company | Deer Lodge, MT | $15.2 million | $3.0 million |
| April 9, 1987 | The Southwestern Bank, National Association | Houston, TX | $14.7 million | $5.4 million |
| April 9, 1987 | The First National Bank of Braman | Braman, OK | $12.2 million | $4.8 million |
| April 9, 1987 | Commonwealth Bank | Glendale, CO | $7.8 million | $481 thousand |
| April 10, 1987 | Future Savings and Loan Association | Albany, OR | $57.6 million | $15.8 million |
| April 10, 1987 | The Citizens State Bank | Brownstown, IN | $29.0 million | $1.3 million |
| April 10, 1987 | Bank of Iron County | Parowan, UT | $19.8 million | $3.8 million |
| April 16, 1987 | Southern Floridabanc Savings Association | Boca Raton, FL | $219 million | not estimated |
| April 16, 1987 | First Bank of Saginaw | Saginaw, TX | $30.6 million | $8.3 million |
| April 16, 1987 | First State Bank of Forest City | Forest City, MO | $6.5 million | $1.8 million |
| April 16, 1987 | First Commercial Bank of Texas, National Association | Houston, TX | $4.4 million | $1.9 million |
| April 22, 1987 | Bank of North Mississippi | Oakland, MS | $14.5 million | $2.7 million |
| April 22, 1987 | The Peoples Bank | Collinsville, AL | $11.9 million | $934 thousand |
| April 23, 1987 | North Central National Bank | Austin, TX | $23.4 million | $11.5 million |
| April 23, 1987 | Osceola State Bank & Trust Co. | Osceola, IA | $8.6 million | $1.6 million |
| April 24, 1987 | Liberty Federal Savings and Loan Association | Leesville, LA | $135 million | $122 million |
| April 29, 1987 | Heritage Bank & Trust | Salt Lake County, UT | $17.6 million | $110 thousand |
| April 30, 1987 | Unitedbank - Houston | Houston, TX | $217 million | $111 million |
| April 30, 1987 | Peoples State Bank | Turkey, TX | $5.8 million | $1.3 million |
| May 6, 1987 | American Bank of Commerce | Denver, CO | $25.5 million | $10.9 million |
| May 7, 1987 | First State Bank | Sisseton, SD | $20.1 million | $4.5 million |
| May 7, 1987 | North American National Bank | Littleton, CO | $9.5 million | $3.8 million |
| May 8, 1987 | Moreauville State Bank | Moreauville, LA | $16.8 million | $3.1 million |
| May 8, 1987 | Farmers State Bank | Maddock, ND | $11.9 million | $1.1 million |
| May 14, 1987 | Marlin National Bank | Marlin, TX | $39.6 million | $12.7 million |
| May 14, 1987 | Todd County State Bank | Long Prairie, MN | $15.4 million | $2.4 million |
| May 14, 1987 | United Bank | Libby, MT | $15.4 million | $1.7 million |
| May 14, 1987 | The First National Bank of Elbow Lake | Elbow Lake, MN | $14.2 million | $7.7 million |
| May 15, 1987 | Liberty Savings and Loan Association | New Port Richey, FL | $98.7 million | not estimated |
| May 20, 1987 | Independent American Savings and Loan Association | Irving, TX | $1.0 billion | $1.6 billion |
| May 21, 1987 | Lake Austin National Bank | Austin, TX | $43.7 million | $14.1 million |
| May 21, 1987 | Bank of Oak Grove | Oak Grove, LA | $24.0 million | $6.0 million |
| May 21, 1987 | Texas Investment Bank, National Association | Houston, TX | $17.1 million | $8.0 million |
| May 28, 1987 | Texas National Bank Westheimer | Houston, TX | $26.3 million | $18.1 million |
| May 29, 1987 | The First National Bank of Wilmont | Wilmont, MN | $13.3 million | $2.0 million |
| June 4, 1987 | United Bank of Texas | Austin, TX | $208 million | $62.4 million |
| June 4, 1987 | The First State Bank, Frisco, Texas | Frisco, TX | $43.3 million | $10.3 million |
| June 11, 1987 | Security Savings Association | Texarkana, TX | $430 million | not estimated |
| June 11, 1987 | Northwest Commercial Bank, National Association | Houston, TX | $14.2 million | $4.7 million |
| June 11, 1987 | The Benton State Bank | Benton, KS | $9.4 million | $3.0 million |
| June 11, 1987 | First State Bank | Milford, TX | $7.3 million | $1.9 million |
| June 12, 1987 | Whittier Thrift and Loan | Whittier, CA | $15.2 million | $3.3 million |
| June 12, 1987 | Hamilton County State Bank | Lockland, OH | $13.8 million | none |
| June 12, 1987 | Frontier Savings and Loan Association | Fairbanks, AK | $7.4 million | $2.4 million |
| June 18, 1987 | Investors Federal Bank, FSB | El Reno, OK | $97.5 million | $60.0 million |
| June 18, 1987 | First Midwest Bank | Maryville, MO | $25.6 million | $1.8 million |
| June 24, 1987 | Pelican State Bank | Mansfield, LA | $7.2 million | $3.4 million |
| June 25, 1987 | South Denver National Bank | Glendale, CO | $59.6 million | $21.1 million |
| June 25, 1987 | Eighty Niner Bank of Coyle | Coyle, OK | $6.6 million | $1.5 million |
| June 26, 1987 | Liberty Bank and Trust Company | Greenwood, LA | $12.6 million | $5.2 million |
| June 26, 1987 | Lanesboro State Bank | Lanesboro, MN | $11.4 million | $2.3 million |
| June 29, 1987 | United Federal Savings and Loan Association | Durant, OK | $89.8 million | $46.4 million |
| July 2, 1987 | Citizens Bank | Bryan, TX | $46.4 million | $13.8 million |
| July 2, 1987 | Bank of Brazoria | Brazoria, TX | $24.5 million | $3.7 million |
| July 9, 1987 | Red Oak State Bank | Red Oak, TX | $44.4 million | $6.6 million |
| July 9, 1987 | First Continental Bank of Rockrimmon, National Association | Colorado Springs, CO | $6.6 million | $4.1 million |
| July 23, 1987 | Freedom Savings and Loan Association | Tampa, FL | $1.9 billion | not estimated |
| July 23, 1987 | Bank of Los Gatos, National Association | Los Gatos, CA | $13.1 million | $1.3 million |
| July 23, 1987 | Farmers & Merchants Bank | Eufaula, OK | $11.5 million | $3.5 million |
| July 30, 1987 | The First National Bank of Yukon | Yukon, OK | $40.3 million | $8.8 million |
| July 30, 1987 | Farmers State Bank | Kanawha, IA | $15.9 million | $2.4 million |
| July 30, 1987 | Bank of Granite | Granite, OK | $13.2 million | $2.8 million |
| July 30, 1987 | Empire National Bank | Los Angeles, CA | $8.8 million | $3.1 million |
| August 6, 1987 | French Market Homestead Savings Association | Metairie, LA | $321 million | not estimated |
| August 6, 1987 | Acadia Savings and Loan Association | Crowley, LA | $160 million | not estimated |
| August 6, 1987 | Security State Bank | Roosevelt, OK | $15.2 million | $9.0 million |
| August 6, 1987 | The Security State Bank, Davenport, Oklahoma | Davenport, OK | $9.4 million | $3.6 million |
| August 7, 1987 | Bayshore Bank of Florida | Miami, FL | $41.5 million | $6.7 million |
| August 13, 1987 | The First National Bank of Navasota | Navasota, TX | $31.7 million | $8.2 million |
| August 13, 1987 | First State Bank | Blanchard, OK | $23.6 million | $12.1 million |
| August 13, 1987 | The First National Bank of Luther | Luther, OK | $17.1 million | $9.6 million |
| August 14, 1987 | McNulty Banking Company | St. Petersburg, FL | $56.6 million | $6.8 million |
| August 19, 1987 | 1ST Savings of Louisiana | La Place, LA | $33.6 million | not estimated |
| August 20, 1987 | American Exchange Bank & Trust Company | Norman, OK | $87.8 million | $40.6 million |
| August 20, 1987 | Sunbelt Federal Savings and Loan Association | Watonga, OK | $65.5 million | $35.4 million |
| August 20, 1987 | American National Bank of Evanston | Evanston, WY | $9.1 million | $4.0 million |
| August 20, 1987 | The First State Bank, Willow, Okla. | Willow, OK | $6.7 million | $1.5 million |
| August 21, 1987 | People's State Bank of Mazeppa | Mazeppa, MN | $21.6 million | $4.9 million |
| August 27, 1987 | Bank of North America | Houston, TX | $34.5 million | $10.2 million |
| August 27, 1987 | Citizens Bank of Glendale | Denver, CO | $4.4 million | $406 thousand |
| August 28, 1987 | Rocky Mountain State Bank | Salt Lake City, UT | $18.6 million | $3.0 million |
| September 3, 1987 | The First National Bank of Tipton | Tipton, OK | $8.2 million | $4.4 million |
| September 3, 1987 | The First National Bank of Hammon | Hammon, OK | $6.3 million | $1.6 million |
| September 10, 1987 | Waxahachie Bank and Trust Company | Waxahachie, TX | $68.9 million | $21.7 million |
| September 10, 1987 | La Marque Bank | La Marque, TX | $6.3 million | $1.0 million |
| September 11, 1987 | Central National Bank of New York | New York, NY | $181 million | $58.7 million |
| September 11, 1987 | First State Bank of Rollingstone | Rollingstone, MN | $15.2 million | $3.0 million |
| September 17, 1987 | Breaux Bridge Bank & Trust Co. | Breaux Bridge, LA | $22.5 million | $13.8 million |
| September 17, 1987 | Steeplechase National Bank | Houston, TX | $15.9 million | $3.7 million |
| September 17, 1987 | Mustang National Bank | Mustang, OK | $12.1 million | $2.7 million |
| September 17, 1987 | The Talmage State Bank | Talmage, KS | $6.7 million | $1.3 million |
| September 18, 1987 | Phenix Federal Savings and Loan Association | Phenix City, AL | $226 million | not estimated |
| September 18, 1987 | Stockmen's Bank and Trust Company | Gillette, WY | $117 million | $41.1 million |
| September 19, 1987 | Twin City FSB | West Monroe, LA | $149 million | $161 million |
| September 24, 1987 | The Citizens Bank | Drumright, OK | $35.1 million | $14.6 million |
| September 24, 1987 | The Murdock State Bank | Murdock, KS | $9.2 million | $2.1 million |
| September 24, 1987 | The Mayfield State Bank of Mayfield, Kansas | Mayfield, KS | $6.8 million | $2.4 million |
| September 25, 1987 | Commonwealth Bank | Torrance, CA | $85.1 million | $16.7 million |
| September 28, 1987 | Valley State Bank | Los Angeles, CA | $93.2 million | $2.2 million |
| October 1, 1987 | Western Bank-Westheimer | Houston, TX | $261 million | $96.3 million |
| October 1, 1987 | Western Bank - Westwood, National Association | Houston, TX | $44.2 million | $11.6 million |
| October 1, 1987 | Western Bank-North Wilcrest, National Association | Houston, TX | $41.1 million | $12.9 million |
| October 1, 1987 | Security State Bank | Oxford, NE | $12.2 million | $1.8 million |
| October 1, 1987 | Clay County State Bank | Dilworth, MN | $10.1 million | $1.1 million |
| October 2, 1987 | State Bank of Greenwald | Greenwald, MN | $23.3 million | $4.3 million |
| October 8, 1987 | The First National Bank of Brush | Brush, CO | $20.9 million | $3.3 million |
| October 8, 1987 | United Services Bank | Hartshorne, OK | $15.3 million | $5.7 million |
| October 8, 1987 | Citizens Bank of Krebs | Krebs, OK | $14.7 million | $5.3 million |
| October 15, 1987 | First California Savings Bank | San Fernando, CA | $221 million | not estimated |
| October 15, 1987 | Citizens State Bank of Ray | Ray, ND | $11.7 million | $1.9 million |
| October 15, 1987 | American National Bank of Afton | Afton, WY | $11.4 million | $2.2 million |
| October 16, 1987 | Yankee Bank for Finance and Savings, FSB | Boston, MA | $525 million | $63.6 million |
| October 20, 1987 | Topeka Savings Association | Topeka, KS | $112 million | not estimated |
| October 21, 1987 | Pioneer Bank of Fountain | Fountain, CO | $12.7 million | $1.1 million |
| October 22, 1987 | Alaska National Bank of the North | Fairbanks, AK | $203 million | $34.3 million |
| October 22, 1987 | Western National Bank | Bryan, TX | $22.7 million | $8.9 million |
| October 22, 1987 | First State Bank of Bovina | Bovina, TX | $20.1 million | none |
| October 22, 1987 | New World National Bank | Pittsburgh, PA | $14.7 million | $2.1 million |
| October 23, 1987 | Sierra Savings and Loan Association | Gardnerville, NV | $12.1 million | $564 thousand |
| October 30, 1987 | Capital Bank & Trust Co. | Baton Rouge, LA | $384 million | $55.5 million |
| October 30, 1987 | American Security Bank | North Platte, NE | $27.1 million | $3.7 million |
| October 30, 1987 | Delta Pacific Bank | Pittsburg, CA | $17.7 million | $1.3 million |
| November 10, 1987 | Middle Park Bank | Granby, CO | $34.9 million | $14.9 million |
| November 10, 1987 | Bank of Winter Park | Winter Park, CO | $24.4 million | $13.9 million |
| November 10, 1987 | Tri-State National Bank | Belle Fourche, SD | $10.7 million | $1.8 million |
| November 13, 1987 | Tri-County Savings and Loan Association | Camden, NJ | $36.5 million | $18.9 million |
| November 13, 1987 | West Texas State Bank of Canyon | Canyon, TX | $20.4 million | $3.3 million |
| November 19, 1987 | The People's Bank and Trust of Iberia Parish | New Iberia, LA | $79.1 million | $9.1 million |
| November 19, 1987 | Republic Bank | Oklahoma City, OK | $49.1 million | $23.0 million |
| November 19, 1987 | The Alexander State Bank | Alexander, KS | $9.2 million | $2.3 million |
| November 19, 1987 | The Timken State Bank | Timken, KS | $3.1 million | $1.3 million |
| December 3, 1987 | The Farmers National Bank of Cordell | Cordell, OK | $62.3 million | $33.6 million |
| December 3, 1987 | State Bank of Commerce | Slidell, LA | $49.2 million | $14.2 million |
| December 3, 1987 | Peoples Bank | Olive Hill, KY | $40.9 million | $7.6 million |
| December 3, 1987 | Crofton State Bank | Crofton, NE | $11.6 million | $1.7 million |
| December 3, 1987 | Madison Bank and Trust Company | Richmond, LA | $9.7 million | $3.1 million |
| December 3, 1987 | Center State Bank | Center, NE | $8.4 million | $1.6 million |
| December 3, 1987 | The First State Bank | Oakdale, NE | $5.6 million | $500 thousand |
| December 3, 1987 | Climbing Hill Savings Bank | Climbing Hill, IA | $5.4 million | $646 thousand |
| December 3, 1987 | State Bank of Jansen | Jansen, NE | $5.0 million | $264 thousand |
| December 10, 1987 | Heritage National Bank | Austin, TX | $53.2 million | $19.5 million |
| December 10, 1987 | BancFirst-Austin, National Association | Austin, TX | $25.3 million | $14.1 million |
| December 10, 1987 | Louisiana Bank & Trust Company, Crowley, Louisiana | Crowley, LA | $18.5 million | $7.8 million |
| December 10, 1987 | America Bank in Louisiana | Morgan City, LA | $15.0 million | $4.0 million |
| December 10, 1987 | The First National Bank in Rhome | Rhome, TX | $9.2 million | $1.9 million |
| December 11, 1987 | First Interstate Bank of Alaska | Anchorage, AK | $368 million | $104 million |
| December 11, 1987 | Lewis and Clark State Bank | Lake Oswego, OR | $20.3 million | $2.5 million |
| December 17, 1987 | USBank | Denton, TX | $86.0 million | $19.6 million |
| December 17, 1987 | Bank of Mabank | Mabank, TX | $43.8 million | $9.7 million |
| December 17, 1987 | American Bank of Commerce | Lake Charles, LA | $35.5 million | $4.3 million |
| December 18, 1987 | First State Bank at Shoshoni | Shoshoni, WY | $4.6 million | $1.1 million |
Assistance transactions in 1987
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 16, 1987 | Magic Valley S&LA | Weslaco, TX | $103 million | $161 million |
| February 25, 1987 | American National Bank | Durant, OK | $9.7 million | $1.1 million |
| February 26, 1987 | Central Bank & Trust Company | Glenmora, LA | $20.6 million | $11 thousand |
| March 6, 1987 | South Bay S&LA | Gardens, CA | $61.9 million | $5.3 million |
| March 13, 1987 | Home S&LA | Seattle, WA | $151 million | $25.9 million |
| March 20, 1987 | Bayou FS&LA | New Orleans, LA | $25.8 million | $12.5 million |
| March 24, 1987 | Western S&LA | Salt Lake City, UT | $393 million | $478 thousand |
| March 25, 1987 | South Florida Savings Bank | Davie, FL | $172 million | $4.2 million |
| April 3, 1987 | Tahoe S&LA | South Lake Tahoe, CA | $81.2 million | $41.7 million |
| May 13, 1987 | Syracuse Savings Bank | Syracuse, NY | $1.2 billion | none |
| June 5, 1987 | Security Bank of Rich Hill | Rich Hill, MO | $13.0 million | $225 thousand |
| June 30, 1987 | Fort Lee S&LA | Fort Lee, NJ | $171 million | $13.1 million |
| July 2, 1987 | United First FS&LA | Boise, ID | $344 million | $73.2 million |
| July 2, 1987 | Provident FS&LA | Boise, ID | $222 million | $54.6 million |
| July 17, 1987 | Banktexas Dallas, N.A. | Dallas, TX | $541 million | $58.0 million |
| July 17, 1987 | Banctexas Allen Parkway, N.A. | Houston, TX | $125 million | $3.8 million |
| July 17, 1987 | Banctexas McKinney, N.A. | McKinney, TX | $122 million | $23.5 million |
| July 17, 1987 | Banctexas Richardson, N.A. | Richardson, TX | $81.0 million | $13.1 million |
| July 17, 1987 | Banctexas White Rock, N.A. | Dallas, TX | $80.9 million | $12.7 million |
| July 17, 1987 | Banctexas Northside Houston, N.A | Houston, TX | $61.1 million | $9.0 million |
| July 17, 1987 | Banctexas Carrollton, N.A. | Carrollton, TX | $51.1 million | $7.9 million |
| July 17, 1987 | Banctexas Houston | Houston, TX | $45.9 million | $8.8 million |
| July 17, 1987 | Banctexas Westheimer | Houston, TX | $34.1 million | $6.6 million |
| July 17, 1987 | Banctexas Quorum, N.A. | Addison, TX | $21.2 million | $3.7 million |
| July 17, 1987 | Banctexas Sulphur Springs, N.A. | Sulphur Springs, TX | $18.3 million | $2.7 million |
| July 31, 1987 | Ok Federal S&LA | El Reno, OK | $51.8 million | $62.2 million |
| July 31, 1987 | Valley Bank of Belgrade | Belgrade, MT | $18.6 million | $3.0 million |
| September 24, 1987 | Lyons Federal Trust & Savings | Countryside, IL | $2.3 billion | $562 million |
| October 16, 1987 | Commercial Bank, N.A. | Oklahoma City, OK | $23.4 million | $4.5 million |
| October 31, 1987 | First FS&LA Natchitoches | Natchitoches, LA | $48.1 million | $29.4 million |
| November 12, 1987 | Gulf FS&LA | Mobile, AL | $6.1 million | $1.3 million |
| November 17, 1987 | Argo FS&LA | Summit, IL | $25.6 million | $3.6 million |
| December 3, 1987 | Crossroads Bank | Victoria, TX | $25.1 million | $1.3 million |
| December 11, 1987 | Surety FS&LA | Morganton, NC | $125 million | not estimated |
| December 16, 1987 | Mt. Pleasant S&LA | Mt. Pleasant, TX | $24.9 million | $7.0 million |
| December 16, 1987 | Boone County FS&LA | Centralia, MO | $19.7 million | $2.5 million |
| December 29, 1987 | Community FS&LA | Hamilton, OH | $406 million | $21.3 million |
| December 29, 1987 | The Falun State Bank | Falun, KS | $3.1 million | $50 thousand |
| December 30, 1987 | First Financial of La | Lutcher, LA | $160 million | $106 million |
| December 30, 1987 | First FS&LA of Alexandria | Alexandria, LA | $149 million | $48.9 million |
| December 30, 1987 | Firstbanc FSB | Gonzales, LA | $46.3 million | $33.1 million |
| December 31, 1987 | First Financial Bank, FSB | New Orleans, LA | $745 million | $51.5 million |
| December 31, 1987 | American FS&LA | Lynchburg, VA | $167 million | $44.5 million |
| December 31, 1987 | Gibson Federal S&LA | Gibson City, IL | $132 million | $37.4 million |
| December 31, 1987 | First FS&LA of Slidell | Slidell, LA | $46.2 million | $13.2 million |