Data / Bank failures / 1987 / Alaska National Bank of the North
Alaska National Bank of the North, Fairbanks, AK: failed October 22, 1987
Alaska National Bank of the North in Fairbanks, Alaska, failed on October 22, 1987. National Bank of Alaska of Anchorage, AK, took over its deposits. It held $203.1 million in assets and $200.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $34.3 million (16.9% of its assets). By assets it was the 28th largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- October 22, 1987
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- National Bank of Alaska, Anchorage, AK
- Total assets
- $203,074,000
- Total deposits
- $200,240,000
- Estimated cost to the FDIC
- $34,285,283 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 17493
Other bank failures in Alaska, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Alliance Bank | Anchorage | April 21, 1989 | $779 million | $797.2 million | $75.9 million | National Bank of Alaska |
| Home Savings Bank | Anchorage | March 2, 1989 | $91.5 million | $82.7 million | $63.2 million | Security Pacific Bank Ak, N |
| First Federal Bank of Alaska | Anchorage | March 2, 1989 | $137.6 million | $192.3 million | $134 million | First NB of Anchorage |
| Alaska Statebank | Anchorage | February 3, 1989 | $90.8 million | $96.9 million | $17.3 million | Key Bank of Alaska |
| Alaska Continental Bank | Anchorage | August 3, 1988 | $51.5 million | $52.3 million | $20.5 million | First Interstate Bank of |
| United Bank Alaska (assistance) | Anchorage | January 28, 1988 | $314.3 million | $368.3 million | $170.7 million | Alliance Bank |
| Alaska Mutual Bank (assistance) | Anchorage | January 28, 1988 | $1.18 billion | $924.8 million | $170.7 million | National Bank of Alaska |
| First Interstate Bank of Alaska | Anchorage | December 11, 1987 | $367.7 million | $358.9 million | $104.4 million | National Bank of Alaska |
Other failed banks National Bank of Alaska took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Alliance Bank | Anchorage | AK | April 21, 1989 | $779 million | $797.2 million | $75.9 million | National Bank of Alaska |
| Alaska Mutual Bank (assistance) | Anchorage | AK | January 28, 1988 | $1.18 billion | $924.8 million | $170.7 million | National Bank of Alaska |
| First Interstate Bank of Alaska | Anchorage | AK | December 11, 1987 | $367.7 million | $358.9 million | $104.4 million | National Bank of Alaska |
All bank failures in 1987 · All bank failures in Alaska · Every failed bank National Bank of Alaska took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.