Data / Bank failures / 1987 / First State Bank at Shoshoni
First State Bank at Shoshoni, Shoshoni, WY: failed December 18, 1987
First State Bank at Shoshoni in Shoshoni, Wyoming, failed on December 18, 1987. First STB of Thermopolis of Thermopolis, WY, took over its deposits. It held $4.6 million in assets and $4.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.1 million (24.4% of its assets). By assets it was the 258th largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- December 18, 1987
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- First STB of Thermopolis, Thermopolis, WY
- Total assets
- $4,555,000
- Total deposits
- $4,144,000
- Estimated cost to the FDIC
- $1,110,426 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
- FDIC certificate
- 22904
Other bank failures in Wyoming, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Federal Savings Bank | Diamondville | November 30, 1989 | $13.4 million | $11.5 million | $7.7 million | |
| United SB of Wyoming (assistance) | Cheynne | December 16, 1988 | $220.5 million | $275.5 million | $120.6 million | Rocky Mountain FS&LA |
| Rocky Mountain FS&LA (assistance) | Cheynne | December 16, 1988 | $307.2 million | $268.1 million | $102.6 million | Rocky Mountain FSB |
| Bank of Casper | Casper | January 22, 1988 | $6.1 million | $5.8 million | $1.1 million | First Wyoming Bank Caspe |
| American National Bank of Afton | Afton | October 15, 1987 | $11.4 million | $11.2 million | $2.2 million | Star Valley State Bank |
| Stockmen's Bank & Trust Company | Gillette | September 18, 1987 | $117.4 million | $111.9 million | $41.1 million | First Interstate BK Gill |
| American National Bank of Evanston | Evanston | August 20, 1987 | $9.1 million | $8.9 million | $4 million | Pioneer Bank of Evanston |
| Guaranty Federal Bank FSB | Casper | December 12, 1986 | $63.8 million | $73.5 million | $18.9 million |
All bank failures in 1987 · All bank failures in Wyoming · 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.