Bank failure · AK
Alaska Statebank (Anchorage, AK) — failed February 3, 1989
Alaska Statebank of Anchorage, Alaska was closed on February 3, 1989 and resolved through a purchase and assumption. Key Bank of Alaska (AK) took over its insured deposits. At failure it held $90.8M in assets and $96.9M in deposits. The FDIC's estimated loss on the failure is $17.3M (19.1% of assets).
- Closing date
- February 3, 1989
- FDIC certificate #
- 18363
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Key Bank of Alaska
- Insurance fund
- FDIC
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