Bank failure · AK
First Interstate Bank of Alaska (Anchorage, AK) — failed December 11, 1987
First Interstate Bank of Alaska of Anchorage, Alaska was closed on December 11, 1987 and resolved through a purchase and assumption. National Bank of Alaska (AK) took over its insured deposits. At failure it held $367.7M in assets and $358.9M in deposits. The FDIC's estimated loss on the failure is $104.4M (28.4% of assets).
- Closing date
- December 11, 1987
- FDIC certificate #
- 17334
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- National Bank of Alaska
- Insurance fund
- FDIC
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