# ALBANY STATE BANK

> **Failed bank** · ALBANY, MO · failed 1986-08-28 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

ALBANY STATE BANK of ALBANY, MO was closed by regulators on **1986-08-28**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **UNITED MO BANK OF ST JOS** (ST. JOSEPH, MO). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1264
- **FDIC Certificate:** 23248
- **FDIC FIN:** 2594
- **Bank name:** ALBANY STATE BANK
- **Location:** ALBANY, MO
- **Failure date:** 1986-08-28
- **FDIC resolution date:** 1986-08-28
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $5M
- **Assets at failure:** $5M
- **Acquiring bank:** UNITED MO BANK OF ST JOS (ST. JOSEPH, MO)

## Other banks UNITED MO BANK OF ST JOS has acquired in FDIC resolutions

- THE HOME BANK (SAVANNAH, MO) — failed 1986-11-06 — /failed-bank/1299
- MISSOURI FARMERS BANK (MOUND CITY, MO) — failed 1986-10-02 — /failed-bank/1283

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=ALBANY%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ALBANY STATE BANK (FDIC ID 1264), failed 1986-08-28. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/1264.

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