Bank failure · AK
Alliance Bank (Anchorage, AK) — failed April 21, 1989
Alliance Bank of Anchorage, Alaska was closed on April 21, 1989 and resolved through a purchase and assumption. National Bank of Alaska (AK) took over its insured deposits. At failure it held $779.0M in assets and $797.2M in deposits. The FDIC's estimated loss on the failure is $75.9M (9.7% of assets).
- Closing date
- April 21, 1989
- FDIC certificate #
- 18462
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- National Bank of Alaska
- Insurance fund
- FDIC
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