Bank failure · AK

Alaska Mutual Bank (Anchorage, AK) — failed January 28, 1988

Alaska Mutual Bank of Anchorage, Alaska was closed on January 28, 1988 and resolved through a a/a. National Bank of Alaska (AK) took over its insured deposits. At failure it held $1.2B in assets and $924.8M in deposits. The FDIC's estimated loss on the failure is $170.7M (14.4% of assets).