Data / Bank failures / 1986 / Albany State Bank
Albany State Bank, Albany, MO: failed August 28, 1986
Albany State Bank in Albany, Missouri, failed on August 28, 1986. United Mo Bank of ST Jos of ST. Joseph, MO, took over its deposits. It held $4.7 million in assets and $4.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.1 million (45.3% of its assets). By assets it was the 202nd largest of 204 banks closed or assisted in 1986.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- August 28, 1986
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- United Mo Bank of ST Jos, ST. Joseph, MO
- Total assets
- $4,676,000
- Total deposits
- $4,921,000
- Estimated cost to the FDIC
- $2,117,903 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 23248
Other bank failures in Missouri, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Lakeland State Bank | Camden County | September 1, 1988 | $9.3 million | $9.2 million | $546,346 | Community Bank of the Oz |
| Farmers & Merchants Bank of Elmo | Elmo | August 4, 1988 | $9.2 million | $8.8 million | $2.6 million | First Bank of Maryville |
| Boone County FS&LA (assistance) | Centralia | December 16, 1987 | $19.7 million | $20.8 million | $2.5 million | United S&LA |
| First Midwest Bank | Maryville | June 18, 1987 | $25.6 million | $25.7 million | $1.8 million | First Bank of Maryville |
| Security Bank of Rich Hill (assistance) | Rich Hill | June 5, 1987 | $13 million | $12.7 million | $225,000 | Security Bank of Rich Hill |
| First State Bank of Forest City | Forest City | April 16, 1987 | $6.5 million | $6.8 million | $1.8 million | |
| First State Bank of King City, Missouri | King City | February 13, 1987 | $14.5 million | $14.5 million | $5.5 million | Citizens BANK&TRUST Co |
| First State Bank of Pattonsburg | Pattonburg | January 29, 1987 | $5.9 million | $5.8 million | $1.5 million |
Other failed banks United Mo Bank of ST Jos took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Home Bank | Savannah | MO | November 6, 1986 | $39.1 million | $40.1 million | $7.5 million | United Mo Bank of ST Jos |
| Missouri Farmers Bank | Mound City | MO | October 2, 1986 | $26 million | $25.4 million | $7.2 million | United Mo Bank of ST Jos |
All bank failures in 1986 · All bank failures in Missouri · Every failed bank United Mo Bank of ST Jos 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.