Data / Bank failures / 1986 / The American Bank
The American Bank, Alma, WI: failed June 20, 1986
The American Bank in Alma, Wisconsin, failed on June 20, 1986. Bank of Alma of Alma, WI, took over its deposits. It held $40 million in assets and $36.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.3 million (8.1% of its assets). By assets it was the 94th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- June 20, 1986
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Bank of Alma, Alma, WI
- Total assets
- $40,024,000
- Total deposits
- $36,175,000
- Estimated cost to the FDIC
- $3,257,790 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 13050
Other bank failures in Wisconsin, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Barron County FS&LA (assistance) | Barron | December 16, 1986 | $158.2 million | $144.4 million | $24.8 million | Monycor Savings Bank, FSB |
| Strong's Bank | Dodgeville | June 14, 1985 | $30.7 million | $28.2 million | $1,659 | M&I Bank of Dodgeville |
All bank failures in 1986 · All bank failures in Wisconsin · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.