Data / Bank failures / 1989 / Alliance Bank
Alliance Bank, Anchorage, AK: failed April 21, 1989
Alliance Bank in Anchorage, Alaska, failed on April 21, 1989. National Bank of Alaska of Anchorage, AK, took over its deposits. It held $779 million in assets and $797.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $75.9 million (9.7% of its assets). By assets it was the 43rd largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- April 21, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- National Bank of Alaska, Anchorage, AK
- Total assets
- $778,973,000
- Total deposits
- $797,169,000
- Estimated cost to the FDIC
- $75,907,911 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 18462
Other bank failures in Alaska, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Alaska National Bank of the North | Fairbanks | October 22, 1987 | $203.1 million | $200.2 million | $34.3 million | National Bank of Alaska |
Other failed banks National Bank of Alaska took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| 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 |
| Alaska National Bank of the North | Fairbanks | AK | October 22, 1987 | $203.1 million | $200.2 million | $34.3 million | National Bank of Alaska |
All bank failures in 1989 · 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.