Number of Banks Failed in year 1985

139

* Dollar amounts in thousands
# Institution Location Date Closed Deposits Assets Estimated Loss
1 CITIZENS STATE BANK EDGERTON, WY 1985-01-04 2563 2907 N/A
2 STATE BANK OF DANNEBROG DANNEBROG, NE 1985-01-07 4350 4870 N/A
3 COAST COMMUNITY BANK HARBOR, OR 1985-01-11 8473 9123 N/A
4 FIRST NATIONAL BANK IN CLARKSVILLE CLARKSVILLE, TX 1985-01-24 33390 34955 N/A
5 THE FIRST NATIONAL BANK IN MARLOW MARLOW, OK 1985-01-24 27006 27447 N/A
6 THE STEELE STATE BANK CHEROKEE, IA 1985-01-25 20586 21891 N/A
7 CITIZENS FIDELITY BANK BRISTOL, TN 1985-02-01 17599 18223 N/A
8 FARMERS NATIONAL BANK OF ERICK ERICK, OK 1985-02-07 17340 16845 N/A
9 FIRST NATIONAL BANK OF WOODBINE WOODBINE, IA 1985-02-07 25800 25782 N/A
10 PEOPLES BANK & TRUST CO. WARTBURG, TN 1985-02-08 23107 24408 N/A
11 WEST VALLEY BANK WOODLAND HILLS, CA 1985-02-08 43364 48262 N/A
12 FIRST NATIONAL BANK OF EADS EADS, CO 1985-02-14 16718 17547 N/A
13 CITIZENS STATE BANK OF FULDA FULDA, MN 1985-02-15 36355 39376 N/A
14 INWOOD STATE BANK INWOOD, IA 1985-02-19 7648 8147 N/A
15 HALIFAX NATIONAL BANK OF PORT ORANGE PORT ORANGE, FL 1985-03-01 35745 38584 N/A
16 WESTERN COMMUNITY S&L EL CERRITO, CA 1985-03-08 7606 110589 N/A
17 COMMERCIAL STATE BANK AFTON, IA 1985-03-08 15561 16260 N/A
18 CITIZENS STATE BANK ARAPAHOE, NE 1985-03-08 15644 16932 N/A
19 TAYLOR STATE BANK EMINGTON, IL 1985-03-15 4840 4980 N/A
20 GOLDEN VALLEY BANK TURLOCK, CA 1985-03-25 79818 82236 N/A
21 FIDELITY BANK OF DENVER DENVER, CO 1985-03-29 48789 54700 N/A
22 BANK OF HUNTER HUNTER, OK 1985-04-04 3109 3001 N/A
23 CAPISTRANO NATIONAL BANK SAN JUAN CAPISTRA, CA 1985-04-05 56664 58224 N/A
24 STATE BANK OF ALEXANDRIA ALEXANDRIA, NE 1985-04-10 2413 2545 N/A
25 STATE S&LA SALT LAKE CITY, UT 1985-04-12 417950 639002 N/A
26 SOUTH COAST BANK COSTA MESA, CA 1985-04-12 29483 31304 N/A
27 FIRST STATE BANK OF ELGIN ELGIN, OR 1985-04-12 15775 18169 N/A
28 THE FIRST NATIONAL BANK OF SPRINGFIELD SPRINGFIELD, CO 1985-04-18 14011 15305 N/A
29 THE PEOPLES NATIONAL BANK OF LAMPASAS LAMPASAS, TX 1985-04-18 40518 39427 N/A
30 PEOPLES STATE BANK ODEBOLT, IA 1985-04-26 12654 13541 N/A
31 FIRST ENTERPRISE BANK OAKLAND, CA 1985-04-26 43013 43809 N/A
32 THE BANK OF COMMERCE CHANUTE, KS 1985-05-02 63907 66843 N/A
33 FARMERS STATE BANK ST. JOSEPH, MO 1985-05-03 49603 50867 N/A
34 FARMERS SAVINGS BANK MASSENA, IA 1985-05-03 15393 16920 N/A
35 STORY COUNTY STATE BANK STORY CITY, IA 1985-05-09 31633 33586 N/A
36 THE ENERGY BANK, N.A. DALLAS, TX 1985-05-16 27370 29744 N/A
37 BANK OF NEWCASTLE NEWCASTLE, OK 1985-05-16 31169 32623 N/A
38 NORTHWEST BANK WHITE SETTLEMENT, TX 1985-05-23 51102 54001 N/A
39 FIRST TRUST BANK OF LAKEFIELD LAKEFIELD, MN 1985-05-31 22126 24288 N/A
40 FAIRFIELD STATE BANK FAIRFIELD, NE 1985-05-31 6034 6795 N/A
41 BANK OF LOCKESBURG LOCKESBURG, AR 1985-05-31 23508 25469 N/A
42 BANK OF TAYLOR TAYLOR, NE 1985-05-31 13360 14542 N/A
43 SECURITY STATE BANK EDGAR, NE 1985-05-31 6072 6570 N/A
44 SCROGGIN & COMPANY BANK OAK, NE 1985-05-31 3219 3552 N/A
45 COMMUNITY FS&LA NASHVILLE, TN 1985-06-07 18798 22747 N/A
46 MAGNOLIA FS&LA KNOXVILLE, TN 1985-06-07 3649 4816 N/A
47 AMERICAN NATIONAL BANK OF RIVERTON RIVERTON, WY 1985-06-11 39595 37937 N/A
48 THE FIRST STATE BANK EDNA, KS 1985-06-13 8119 8325 N/A
49 SWIFT COUNTY BANK BENSON, MN 1985-06-14 38007 41598 N/A
50 STRONG'S BANK DODGEVILLE, WI 1985-06-14 28240 30733 N/A
51 FARMERS STATE BANK OF DEXTER DEXTER, KS 1985-06-20 4166 4267 N/A
52 GOLDEN PACIFIC NATIONAL BANK NEW YORK, NY 1985-06-21 131418 146254 N/A
53 FIRST CITY BANK, N.A. OKLAHOMA CITY, OK 1985-06-21 92708 97808 N/A
54 URBANA SAVINGS BANK URBANA, IA 1985-06-21 6325 7158 N/A
55 COMMUNITY FS&LA BATON ROUGE, LA 1985-06-25 46831 47936 N/A
56 NORTHLAKE S&LA COVINGTON, LA 1985-06-25 148074 141383 N/A
57 AUDUBON S&LA NEW ORLEANS, LA 1985-06-25 222109 211301 N/A
58 NEW ORLEANS S&LA NEW ORLEANS, LA 1985-06-25 105339 118050 N/A
59 CRESCENT SAVINGS BANK NEW ORLEANS, LA 1985-06-25 83950 89114 N/A
60 SUN BELT FEDERAL BANK, FSB LAKE PROVIDENCE, LA 1985-06-25 269111 278335 N/A
61 FIRST BANK & TRUST TRACY CITY, TN 1985-06-28 19718 21123 N/A
62 MADISON BANK MADISON, KS 1985-07-02 7739 8392 N/A
63 THE FIRST NATIONAL BANK OF JACKSONVILLE JACKSONVILLE, AL 1985-07-05 39643 43290 N/A
64 CROSSROADS STATE BANK OKLAHOMA CITY, OK 1985-07-11 17101 17776 N/A
65 ESKRIDGE STATE BANK ESKRIDGE, KS 1985-07-18 9435 10137 N/A
66 SUNRISE, S&LA LAKE WORTH, FL 1985-07-18 1498748 1516512 N/A
67 THE FIRST NATIONAL BANK OF DAROUZZET DARROUZETT, TX 1985-07-18 11388 18213 N/A
68 GILPIN COUNTY BANK BLACK HAWK, CO 1985-07-19 3481 3861 N/A
69 LINN COUNTY BANK LINNEUS, MO 1985-07-19 5301 5381 N/A
70 FIRST NATIONAL BANK OF GLENROCK GLENROCK, WY 1985-07-23 16463 18686 N/A
71 THE FIRST NATIONAL BANK OF ONAGA ONAGA, KS 1985-07-23 22259 22379 N/A
72 CITIZENS STATE BANK OF EL DORADO EL DORADO, KS 1985-07-25 29527 31185 N/A
73 KANSAS AMERICAN BANK OVERLAND PARK, KS 1985-07-25 23888 25707 N/A
74 RIVERSIDE NATIONAL BANK OF HOUSTON HOUSTON, TX 1985-08-01 17158 18365 N/A
75 FARMERS STATE BANK RISING CITY, NE 1985-08-02 11929 12845 N/A
76 BELL SAVINGS BANC TEMPLE, TX 1985-08-02 288045 185009 N/A
77 FARMERS STATE BANK OF ROUND LAKE ROUND LAKE, MN 1985-08-02 20903 23210 N/A
78 MINEOLA STATE BANK MINEOLA, IA 1985-08-06 4928 5205 N/A
79 SECURITY BANK & TRUST COMPANY MIDWEST CITY, OK 1985-08-08 33426 34976 N/A
80 STATE BANK OF FARMERSVILLE FARMERSVILLE, IL 1985-08-09 12118 11984 N/A
81 SIERRA FS&LA DENVER, CO 1985-08-09 81482 48363 N/A
82 STATE BANK OF HERNDON HERNDON, KS 1985-08-14 5758 6237 N/A
83 PARK WEST BANK, N.A. FARMERS BRANCH, TX 1985-08-15 18232 20544 N/A
84 MONTANA S&LA KALISPELL, MT 1985-08-16 30360 26949 N/A
85 CENTENNIAL S&LA GUERNEVILLE, CA 1985-08-20 367831 368163 N/A
86 ALLIANCE FS&LA KENNER, LA 1985-08-23 133989 188137 N/A
87 THE BANK OF BRONSON BRONSON, KS 1985-08-23 9294 9604 N/A
88 CARDWELL STATE BANK CARDWELL, MO 1985-08-28 5664 6206 N/A
89 PRESIDIO S&LA PORTERVILLE, CA 1985-08-28 244890 284494 N/A
90 MISSOURI DELTA BANK HAYTI, MO 1985-08-28 8112 9116 N/A
91 WESTSIDE FS&LA SEATTLE, WA 1985-08-30 325085 378366 N/A
92 MONCOR BANK, N.A. HOBBS, NM 1985-08-30 220340 229302 N/A
93 THE BANK OF LORETTO LORETTO, TN 1985-09-04 24782 25637 N/A
94 BANK OF CLIFTON CLIFTON, CO 1985-09-06 9839 10887 N/A
95 FIRST SECURITY BANK OF DICKSON DICKSON, TN 1985-09-12 14259 14785 N/A
96 MONCOR BANK, N.A. ROSWELL, NM 1985-09-12 32901 33293 N/A
97 THE FIRST NATIONAL BANK OF ROCKLAND RAMAPO, NY 1985-09-13 25309 29482 N/A
98 ELBA STATE BANK ELBA, NE 1985-09-18 4217 4735 N/A
99 THE SEDAN STATE BANK SEDAN, KS 1985-09-25 26586 28153 N/A
100 THE FIRST NATIONLAL BANK IN TERRAL TERRAL, OK 1985-09-27 3948 4063 N/A
101 WESTERN STATE BANK DENTON, TX 1985-09-27 23678 27831 N/A
102 TOWER BANK, N.A. HIALEAH GARDENS, FL 1985-10-03 19722 20523 N/A
103 BANK OF CANTON CANTON, OK 1985-10-10 20609 22438 N/A
104 THE FIRST NATIONAL BANK OF ST. JOSEPH ST. JOSEPH, MO 1985-10-11 175895 193485 N/A
105 SARATOGA STATE BANK SARATOGA, WY 1985-10-11 16300 18470 N/A
106 FARMERS STATE BANK IN AFTON AFTON, OK 1985-10-17 9905 10794 N/A
107 FARMERS SAVINGS BANK DAVIS, CA 1985-10-18 526353 590288 N/A
108 THE EARLY BANK EARLY, TX 1985-10-18 15130 15846 N/A
109 THE CITIZENS BANK OGDEN, UT 1985-10-18 85512 93459 N/A
110 FARMERS STATE BANK OF KANARANZI KANARANZI, MN 1985-10-18 3823 3907 N/A
111 FIRST STATE BANK JET, OK 1985-10-18 11495 12344 N/A
112 EARLY SAVINGS BANK EARLY, IA 1985-11-01 11935 12890 N/A
113 YELLOWSTONE STATE BANK LANDER, WY 1985-11-01 20774 18676 N/A
114 THE AURORA BANK AURORA, CO 1985-11-01 15214 16567 N/A
115 AUBURN SAVINGS BANK AUBURN, IA 1985-11-08 6647 6833 N/A
116 NORTHSHORE BANK HOUSTON, TX 1985-11-08 43341 47187 N/A
117 FIRST NATIONAL BANK OF TEAGUE TEAGUE, TX 1985-11-14 29155 31995 N/A
118 THE DILL STATE BANK DILL CITY, OK 1985-11-21 14289 15459 N/A
119 THE CLARKSDALE BANK OF CLARKDALE CLARKSDALE, MO 1985-11-21 5847 6167 N/A
120 DECATAUR COUNTY NATIONAL BANK OF OBERLIN OBERLIN, KS 1985-11-21 16786 18362 N/A
121 THE FARMERS AND MERCHANTS STATE BANK OF RU LA CROSSE, KS 1985-11-21 28914 32647 N/A
122 CHESTER STATE BANK CHESTER, TX 1985-11-22 10979 11722 N/A
123 ALLEN COUNTY BANK AND TRUST COMPANY LEO, IN 1985-11-22 10524 10907 N/A
124 CALIFORNIA HERITAGE BANK SAN DIEGO, CA 1985-11-22 22397 24114 N/A
125 USM (U.S. MUTUAL) S&LA ANN ARBOR, MI 1985-11-26 274174 305072 N/A
126 CITIZENS S&LA SALEM, OR 1985-12-04 164712 201897 N/A
127 SECURITY STATE BANK BROKEN BOW, NE 1985-12-05 7550 8040 N/A
128 THE FARMERS AND MERCHANTS NATIONAL BANK OF HENNESSY, OK 1985-12-05 27452 28684 N/A
129 GUARANTY S&LA HARRISON, AR 1985-12-06 316527 451432 N/A
130 STATE FS&LA CORVALLIS, OR 1985-12-06 511066 487432 N/A
131 THE FARMERS STATE BANK OF BARRY COUNTY, EX EXETER, MO 1985-12-13 4079 4203 N/A
132 THE FIRST NATIONAL BANK IN LINCOLN COUNTY RUIDOSO, NM 1985-12-13 30697 32024 N/A
133 LAKE NATIONAL BANK LAKE OZARK, MO 1985-12-13 19130 19795 N/A
134 BANK OF PANAMA PANAMA, NE 1985-12-19 4281 4376 N/A
135 PRINCETON STATE BANK PRINCETON, MO 1985-12-19 16809 18366 N/A
136 FARMERS & MERCHANTS BANK COMSTOCK, NE 1985-12-19 3180 3324 N/A
137 FARMERS STATE BANK SARGENT, NE 1985-12-19 11321 12474 N/A
138 FIRST CITY BANK GLENDALE, CA 1985-12-20 28772 35813 N/A
139 STATE BANK OF FROST FROST, MN 1985-12-20 6603 7736 N/A

     
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US Bank Failures Since 1934
FDIC Bank Failures since 1990


Cost of Bank Failures to FDIC


Total Deposits of All Banks Insured by FDIC since 1990


Cost of Bank Failures to FDIC

The Federal Deposit Insurance Corporation is an independent federal agency created in 1933 to promote public confidence and stability in the nation's banking system. The FDIC is often appointed as receiver for failed banks.

What is a bank failure?
 A bank failure is the closing of a bank by a federal or state banking regulatory agency. Generally, a bank is closed when it is unable to meet its obligations to depositors and others. This brochure deals with the failure of "insured banks." The term "insured bank" means a bank insured by FDIC, including banks chartered by the federal government as well as most banks chartered by the state governments. An insured bank must display an official FDIC sign at each teller window.

What is FDIC's role in a bank failure?
 In the event of a bank failure, the FDIC acts in two capacities. First, as the insurer of the bank's deposits, the FDIC pays insurance to the depositors up to the insurance limit. Second, the FDIC, as the "Receiver" of the failed bank, assumes the task of selling/collecting the assets of the failed bank and settling its debts, including claims for deposits in excess of the insured limit.



What is the purpose of FDIC deposit insurance?
 The FDIC protects depositors' funds in the unlikely event of the financial failure of their bank or savings institution. FDIC deposit insurance covers the balance of each depositor's account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest through the date of the insured bank's closing.

What is the FDIC insurance amount?
 The standard insurance amount is $250,000 per depositor, per insured bank, for each ownership category. This includes principal and accrued interest and applies to all depositors of an insured bank. Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank. Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be fully insured. For more information on deposit insurance coverage, see the FDIC's brochure "Your Insured Deposits" which can be accessed at www.fdic.gov/deposit/deposits/insured

Who does the FDIC insure?
 Any person or entity can have FDIC insurance on a deposit. A depositor does not have to be a citizen, or even a resident of the United States. FDIC insurance only protects depositors, although some depositors may also be creditors or shareholders of an insured bank.

What does FDIC deposit insurance cover?
 FDIC insurance covers deposits received at an insured bank. Types of deposit products include checking, NOW, and savings accounts, money market deposit accounts (MMDA), and time deposits such as certificates of deposit (CDs).

What is the source of funding used by the FDIC to pay insured depositors of a failed bank?
 The FDIC's deposit insurance fund consists of premiums already paid by insured banks and interest earnings on its investment portfolio of U.S. Treasury securities. No federal or state tax revenues are involved.

How am I notified when my bank has been closed?
 The FDIC notifies each depositor in writing using the depositor's address on record with the bank. This notification is mailed immediately after the bank closes. When the failed bank is acquired by another bank; the assuming bank also notifies the depositors. This notification usually is mailed with the first bank statement after the assumption.


Source :  Federal Deposit Insurance Corporation


Notes :
* The Cost to DIF of $2.5 billion for "California National Bank" failed on 30th October,2009 is the total cost for all the 9 banks failed on that.