Data / Bank failures / 1988 / United Bank Alaska
United Bank Alaska, Anchorage, AK: received FDIC assistance January 28, 1988
United Bank Alaska in Anchorage, Alaska, received open bank assistance from the FDIC on January 28, 1988. It held $314.3 million in assets and $368.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $170.7 million (54.3% of its assets). By assets it was the 67th largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- January 28, 1988
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Alliance Bank, Anchorage, AK
- Total assets
- $314,279,000
- Total deposits
- $368,279,000
- Estimated cost to the FDIC
- $170,704,022 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 22183
Other bank failures in Alaska, 1986 to 1990
| 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 |
| 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 |
All bank failures in 1988 · All bank failures in Alaska · 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.