Data / Bank failures / 1989 / First Security Bank of Glendive
First Security Bank of Glendive, Glendive, MT: failed December 1, 1989
First Security Bank of Glendive in Glendive, Montana, failed on December 1, 1989. The First National Bank of of Glendive, MT, took over its deposits. It held $32.4 million in assets and $31.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $387,903 (1.2% of its assets). By assets it was the 382nd largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- December 1, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- The First National Bank of, Glendive, MT
- Total assets
- $32,396,000
- Total deposits
- $31,862,000
- Estimated cost to the FDIC
- $387,903 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- BIF
- FDIC certificate
- 354
Other bank failures in Montana, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Treasure State Bank | Glasgow | June 9, 1989 | $14.6 million | $13.2 million | $2.6 million | Valley Bank of Glasgow |
| Great Falls FS&LA (assistance) | Great Falls | December 30, 1988 | $128 million | $72.7 million | $10.7 million | Western FS&LA of Montana |
| The Village Bank | Great Falls | April 22, 1988 | $21.7 million | $19.5 million | $894,551 | Village Bank of Great FA |
| Valley Bank of Belgrade (assistance) | Belgrade | July 31, 1987 | $18.6 million | $16.4 million | $3 million | Valley Bank of Belgrade |
| United Bank | Libby | May 14, 1987 | $15.4 million | $14.4 million | $1.7 million | First National Bank in L |
| Deer Lodge Bank & Trust Company | Deer Lodge | April 9, 1987 | $15.2 million | $14.1 million | $3 million | Peoples BK of Deer Lodge |
| Clarks Fork National Bank | Fromberg | March 19, 1987 | $8.4 million | $8.2 million | $1.2 million | Yellowstone Bank |
Other failed banks The First National Bank of took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Washington Bank (of Maryland) | Baltimore | MD | May 10, 1991 | $39 million | $39 million | $968,346 | The First National Bank of |
| Boston Trade Bank | Boston | MA | May 3, 1991 | $307 million | $301.5 million | $127.3 million | The First National Bank of |
| The State Bank of Omaha | Omaha | TX | December 14, 1990 | $20.5 million | $20.6 million | $5.3 million | The First National Bank of |
| United Peoples Bank | Lampasas | TX | October 11, 1990 | $32.7 million | $32.8 million | $6.5 million | The First National Bank of |
| Merchantsbank of Boston, A Co-Op | Boston | MA | May 18, 1990 | $392.2 million | $391 million | $95.6 million | The First National Bank of |
| Alvord National Bank | Alvord | TX | March 29, 1990 | $7.6 million | $7.7 million | $495,560 | The First National Bank of |
| Liberty City State Bank | Liberty City | TX | March 15, 1990 | $15.2 million | $15 million | $1.5 million | The First National Bank of |
| Farmers State Bank of Shiro, Texas | Shiro | TX | January 25, 1990 | $4.6 million | $4.4 million | $2.1 million | The First National Bank of |
All bank failures in 1989 · All bank failures in Montana · Every failed bank The First National Bank of took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.