Data / Bank failures / 1988 / Great Falls FS&LA
Great Falls FS&LA, Great Falls, MT: received FDIC assistance December 30, 1988
Great Falls FS&LA in Great Falls, Montana, received open bank assistance from the FDIC on December 30, 1988. It held $128 million in assets and $72.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $10.7 million (8.3% of its assets). By assets it was the 162nd largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- December 30, 1988
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Western FS&LA of Montana, Missoula, MT
- Total assets
- $127,952,000
- Total deposits
- $72,662,000
- Estimated cost to the FDIC
- $10,682,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 28164
Other bank failures in Montana, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Security Bank of Glendive | Glendive | December 1, 1989 | $32.4 million | $31.9 million | $387,903 | The First National Bank of |
| Treasure State Bank | Glasgow | June 9, 1989 | $14.6 million | $13.2 million | $2.6 million | Valley Bank of Glasgow |
| 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 |
| Bank of Columbia Falls | Columbia Falls | May 30, 1986 | $41.5 million | $39.2 million | $18.4 million | First Citizens Bank NA |
All bank failures in 1988 · All bank failures in Montana · 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.