The Graveyard › Banks › 1987

Alaska National Bank of the North

Fairbanks, AK · failed October 22, 1987 · FDIC certificate 17493

Alaska National Bank of the North of Fairbanks, AK failed on October 22, 1987. It opened on February 20, 1940, 47 years before. At its last report before that it held $203.1 million in assets and $200.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $357.1 million. The FDIC estimates that the FDIC's insurance fund lost $34.3 million on it.

1984-031987-09

Assets at the end$203.1 millionlast report before October 22, 1987

Deposits at the end$200.2 million

Estimated loss to the fund$34.3 millionFDIC

Largest in the quarterly reports$357.1 millionJune 30, 1985

Equity to assets-2.9%September 30, 1987

Loans not being repaid31.3%noncurrent, September 30, 1987

Return on assets-9.73%a year's rate, September 30, 1987

Staff222full time, September 30, 1987

Could you have seen it coming? Play Black Monday

Also ended in 1987

Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
Freedom S&LA · Tampa, FL · $1.9 billion in assets
Vernon S&LA · Vernon, TX · $1.3 billion in assets
Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
Independent American SA · Irving, TX · $1.0 billion in assets
First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.