Bank failure · AK

United Bank Alaska (Anchorage, AK) — failed January 28, 1988

United Bank Alaska of Anchorage, Alaska was closed on January 28, 1988 and resolved through a a/a. Alliance Bank (AK) took over its insured deposits. At failure it held $314.3M in assets and $368.3M in deposits. The FDIC's estimated loss on the failure is $170.7M (54.3% of assets).