Data / Bank failures / 1989 / Treasure State Bank
Treasure State Bank, Glasgow, MT: failed June 9, 1989
Treasure State Bank in Glasgow, Montana, failed on June 9, 1989. Valley Bank of Glasgow of Glasgow, MT, took over its deposits. It held $14.6 million in assets and $13.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.6 million (17.7% of its assets). By assets it was the 471st largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- June 9, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Valley Bank of Glasgow, Glasgow, MT
- Total assets
- $14,553,000
- Total deposits
- $13,150,000
- Estimated cost to the FDIC
- $2,576,876 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 22612
Other bank failures in Montana, 1987 to 1991
| 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 |
| Great Falls FS&LA (assistance) | Great Falls | December 30, 1988 | $128 million | $72.7 million | $10.7 million | Western FS&LA of Montana |
| The Village Bank | Great Falls | April 22, 1988 | $21.7 million | $19.5 million | $894,551 | Village Bank of Great FA |
| 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 |
All bank failures in 1989 · 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.