Data / Bank failures / 1989 / Home Savings Bank
Home Savings Bank, Anchorage, AK: failed March 2, 1989
Home Savings Bank in Anchorage, Alaska, failed on March 2, 1989. Security Pacific Bank Ak, N of Anchorage, AK, took over its deposits. It held $91.5 million in assets and $82.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $63.2 million (69.1% of its assets). By assets it was the 231st largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- March 2, 1989
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Security Pacific Bank Ak, N, Anchorage, AK
- Total assets
- $91,476,000
- Total deposits
- $82,681,000
- Estimated cost to the FDIC
- $63,197,847 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 31675
Other bank failures in Alaska, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Alliance Bank | Anchorage | April 21, 1989 | $779 million | $797.2 million | $75.9 million | National Bank of Alaska |
| 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 |
All bank failures in 1989 · All bank failures in Alaska · 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.