Bank failure · AK
Alaska National Bank of the North (Fairbanks, AK) — failed October 22, 1987
Alaska National Bank of the North of Fairbanks, Alaska was closed on October 22, 1987 and resolved through a insured deposit transfer. National Bank of Alaska (AK) took over its insured deposits. At failure it held $203.1M in assets and $200.2M in deposits. The FDIC's estimated loss on the failure is $34.3M (16.9% of assets).
- Closing date
- October 22, 1987
- FDIC certificate #
- 17493
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- National Bank of Alaska
- Insurance fund
- FDIC
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