Data / Bank failures / 1985 / Saratoga State Bank
Saratoga State Bank, Saratoga, WY: failed October 11, 1985
Saratoga State Bank in Saratoga, Wyoming, failed on October 11, 1985. First Wyoming Bank Sarat of Saratoga, WY, took over its deposits. It held $18.5 million in assets and $16.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $4.3 million (23.1% of its assets). By assets it was the 117th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- October 11, 1985
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Wyoming Bank Sarat, Saratoga, WY
- Total assets
- $18,470,000
- Total deposits
- $16,300,000
- Estimated cost to the FDIC
- $4,260,127 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
- FDIC certificate
- 525
Other bank failures in Wyoming, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First State Bank at Shoshoni | Shoshoni | December 18, 1987 | $4.6 million | $4.1 million | $1.1 million | First STB of Thermopolis |
| 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 | |
| Valley State Bank | Baggs | October 17, 1986 | $5 million | $4.6 million | $718,276 | |
| American National Bank of Eastridge | Casper | August 28, 1986 | $4.4 million | $4.1 million | $1.2 million | |
| Medicine Bow State Bank | Medicine Bow | August 8, 1986 | $4.8 million | $4.2 million | $1.6 million |
All bank failures in 1985 · 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.