Bank failure · AK

Security National Bank (Anchorage, AK) — failed October 23, 1986

Security National Bank of Anchorage, Alaska was closed on October 23, 1986 and resolved through a purchase and assumption. Rainier Bank Alaska NA (AK) took over its insured deposits. At failure it held $41.8M in assets and $41.6M in deposits. The FDIC's estimated loss on the failure is $22.0M (52.5% of assets).