Data / Bank failures / 1981 / Arctic FS&LA
Arctic FS&LA, Fairbanks, AK: received FDIC assistance May 9, 1981
Arctic FS&LA in Fairbanks, Alaska, received open bank assistance from the FDIC on May 9, 1981. It held $40.5 million in assets and $34.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.8 million (9.3% of its assets). By assets it was the 29th largest of 40 banks closed or assisted in 1981.
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The FDIC's record
- Closed
- May 9, 1981
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First FS&LA, Anchorage, AK
- Total assets
- $40,512,349
- Total deposits
- $34,783,375
- Estimated cost to the FDIC
- $3,750,335 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31017
Other failed banks First FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First FS&LA of Jacksonville (assistance) | Jacksonville | FL | December 30, 1988 | $1.24 billion | $1.01 billion | $25.7 million | First FS&LA |
| First of Longview (assistance) | Longview | WA | August 2, 1988 | $78.1 million | $76.3 million | $13.6 million | First FS&LA |
All bank failures in 1981 · All bank failures in Alaska · Every failed bank First FS&LA 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.