Data / Bank failures / 1988 / The Village Bank
The Village Bank, Great Falls, MT: failed April 22, 1988
The Village Bank in Great Falls, Montana, failed on April 22, 1988. Village Bank of Great FA of Great Falls, MT, took over its deposits. It held $21.7 million in assets and $19.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $894,551 (4.1% of its assets). By assets it was the 374th largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- April 22, 1988
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Village Bank of Great FA, Great Falls, MT
- Total assets
- $21,653,000
- Total deposits
- $19,460,000
- Estimated cost to the FDIC
- $894,551 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 20327
Other bank failures in Montana, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Security Bank of Glendive | Glendive | December 1, 1989 | $32.4 million | $31.9 million | $387,903 | The First National Bank of |
| Treasure State Bank | Glasgow | June 9, 1989 | $14.6 million | $13.2 million | $2.6 million | Valley Bank of Glasgow |
| Great Falls FS&LA (assistance) | Great Falls | December 30, 1988 | $128 million | $72.7 million | $10.7 million | Western FS&LA of Montana |
| Valley Bank of Belgrade (assistance) | Belgrade | July 31, 1987 | $18.6 million | $16.4 million | $3 million | Valley Bank of Belgrade |
| United Bank | Libby | May 14, 1987 | $15.4 million | $14.4 million | $1.7 million | First National Bank in L |
| Deer Lodge Bank & Trust Company | Deer Lodge | April 9, 1987 | $15.2 million | $14.1 million | $3 million | Peoples BK of Deer Lodge |
| Clarks Fork National Bank | Fromberg | March 19, 1987 | $8.4 million | $8.2 million | $1.2 million | Yellowstone Bank |
| Bank of Columbia Falls | Columbia Falls | May 30, 1986 | $41.5 million | $39.2 million | $18.4 million | First Citizens Bank NA |
All bank failures in 1988 · All bank failures in Montana · 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.