Data / Bank failures / Alaska
Bank failures in Alaska: 10 banks since 1981
10 banks in Alaska failed between 1981 and 1989, holding $1.81 billion in assets and $1.87 billion in deposits. The FDIC estimates the cost to its insurance fund at $487.3 million. The FDIC also assisted 3 open banks without closing them. The largest: Alliance Bank ($779 million), First Interstate Bank of Alaska ($367.7 million), Alaska National Bank of the North ($203.1 million). By decade: 1980s 13.
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| 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 |
| Home Savings Bank | Anchorage | March 2, 1989 | $91.5 million | $82.7 million | $63.2 million | Security Pacific Bank Ak, N |
| 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 |
| 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 |
| Peninsula FS&LA | Soldotna | August 8, 1986 | $42.6 million | $41.3 million | $13.4 million | |
| Arctic FS&LA (assistance) | Fairbanks | May 9, 1981 | $40.5 million | $34.8 million | $3.8 million | First FS&LA |
Other states
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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.