Data / Bank failures / 1986 / Valley State Bank
Valley State Bank, Baggs, WY: failed October 17, 1986
Valley State Bank in Baggs, Wyoming, failed on October 17, 1986. It held $5 million in assets and $4.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $718,276 (14.3% of its assets). By assets it was the 199th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- October 17, 1986
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $5,008,000
- Total deposits
- $4,611,000
- Estimated cost to the FDIC
- $718,276 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
- FDIC certificate
- 23409
Other bank failures in Wyoming, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| United SB of Wyoming (assistance) | Cheynne | December 16, 1988 | $220.5 million | $275.5 million | $120.6 million | Rocky Mountain FS&LA |
| 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 |
| American National Bank of Evanston | Evanston | August 20, 1987 | $9.1 million | $8.9 million | $4 million | Pioneer Bank of Evanston |
| Guaranty Federal Bank FSB | Casper | December 12, 1986 | $63.8 million | $73.5 million | $18.9 million |
All bank failures in 1986 · All bank failures in Wyoming · 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.