ALASKA NATIONAL BANK OF THE NORTH Failed 1987

What happened

ALASKA NATIONAL BANK OF THE NORTH of FAIRBANKS, AK was closed on 1987-10-22. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to NATIONAL BANK OF ALASKA (ANCHORAGE, AK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1542

FDIC Certificate

17493

FDIC FIN

5915

Bank name

ALASKA NATIONAL BANK OF THE NORTH

Location

FAIRBANKS, AK

Failure date

1987-10-22

FDIC resolution date

1987-10-22

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$34M

Deposits at failure

$200M

Assets at failure

$203M

Acquiring bank

NATIONAL BANK OF ALASKA (ANCHORAGE, AK)

Other banks NATIONAL BANK OF ALASKA acquired in FDIC resolutions

• ALLIANCE BANK (ANCHORAGE, AK) — failed 1989-04-21
• ALASKA MUTUAL BANK (ANCHORAGE, AK) — failed 1988-01-28
• FIRST INTERSTATE BANK OF ALASKA (ANCHORAGE, AK) — failed 1987-12-11