Data / Bank failures / 1986 / Security National Bank
Security National Bank, Anchorage, AK: failed October 23, 1986
Security National Bank in Anchorage, Alaska, failed on October 23, 1986. Rainier Bank Alaska NA of Anchorage, AK, took over its deposits. It held $41.8 million in assets and $41.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $22 million (52.5% of its assets). By assets it was the 89th largest of 204 banks closed or assisted in 1986.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- October 23, 1986
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Rainier Bank Alaska NA, Anchorage, AK
- Total assets
- $41,829,000
- Total deposits
- $41,634,000
- Estimated cost to the FDIC
- $21,960,167 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 22145
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 | |
| Peninsula FS&LA | Soldotna | August 8, 1986 | $42.6 million | $41.3 million | $13.4 million |
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.