Data / Bank failures / 1987 / Stockmen's Bank & Trust Company
Stockmen's Bank & Trust Company, Gillette, WY: failed September 18, 1987
Stockmen's Bank & Trust Company in Gillette, Wyoming, failed on September 18, 1987. First Interstate BK Gill of Gillette, WY, took over its deposits. It held $117.4 million in assets and $111.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $41.1 million (35% of its assets). By assets it was the 46th largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- September 18, 1987
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- First Interstate BK Gill, Gillette, WY
- Total assets
- $117,429,000
- Total deposits
- $111,895,000
- Estimated cost to the FDIC
- $41,107,094 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
- FDIC certificate
- 8720
Other bank failures in Wyoming, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Federal Savings Bank | Diamondville | November 30, 1989 | $13.4 million | $11.5 million | $7.7 million | |
| United SB of Wyoming (assistance) | Cheynne | December 16, 1988 | $220.5 million | $275.5 million | $120.6 million | Rocky Mountain FS&LA |
| Rocky Mountain FS&LA (assistance) | Cheynne | December 16, 1988 | $307.2 million | $268.1 million | $102.6 million | Rocky Mountain FSB |
| Bank of Casper | Casper | January 22, 1988 | $6.1 million | $5.8 million | $1.1 million | First Wyoming Bank Caspe |
| 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 |
| 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 |
All bank failures in 1987 · 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.