Data / Bank failures / 1986 / Peninsula FS&LA
Peninsula FS&LA, Soldotna, AK: failed August 8, 1986
Peninsula FS&LA in Soldotna, Alaska, failed on August 8, 1986. It held $42.6 million in assets and $41.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $13.4 million (31.5% of its assets). By assets it was the 88th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- August 8, 1986
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Total assets
- $42,622,000
- Total deposits
- $41,337,000
- Estimated cost to the FDIC
- $13,422,600 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31959
Other bank failures in Alaska, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Frontier S&LA | Fairbanks | June 12, 1987 | $7.4 million | $8 million | $2.4 million | |
| Security National Bank | Anchorage | October 23, 1986 | $41.8 million | $41.6 million | $22 million | Rainier Bank Alaska NA |
All bank failures in 1986 · 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.