Data / Bank failures / 1988 / United SB of Wyoming
United SB of Wyoming, Cheynne, WY: received FDIC assistance December 16, 1988
United SB of Wyoming in Cheynne, Wyoming, received open bank assistance from the FDIC on December 16, 1988. It held $220.5 million in assets and $275.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $120.6 million (54.7% of its assets). By assets it was the 96th largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- December 16, 1988
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Rocky Mountain FS&LA, Cheyenne, WY
- Total assets
- $220,486,000
- Total deposits
- $275,462,000
- Estimated cost to the FDIC
- $120,579,900 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- FSLIC
- FDIC certificate
- 31182
Other bank failures in Wyoming, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Sweetwater FS & La | Rock Springs | August 22, 1990 | $11.6 million | $11.7 million | $1.3 million | First Security Bank |
| Provident Sa | Casper | February 23, 1990 | $244.9 million | $200.3 million | $16.2 million | Key Bank of Wy - Casper |
| First Federal Savings Bank | Diamondville | November 30, 1989 | $13.4 million | $11.5 million | $7.7 million | |
| 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 |
| Stockmen's Bank & Trust Company | Gillette | September 18, 1987 | $117.4 million | $111.9 million | $41.1 million | First Interstate BK Gill |
All bank failures in 1988 · 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.