# ALASKA NATIONAL BANK OF THE NORTH

> **Failed bank** · FAIRBANKS, AK · failed 1987-10-22 · National commercial bank (OCC-chartered) · FDIC cost $34M

## What happened

ALASKA NATIONAL BANK OF THE NORTH of FAIRBANKS, AK was closed by the OCC 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
- **Estimated FDIC DIF cost:** $34M
- **Deposits at failure:** $200M
- **Assets at failure:** $203M
- **Acquiring bank:** NATIONAL BANK OF ALASKA (ANCHORAGE, AK)

## Other banks NATIONAL BANK OF ALASKA has acquired in FDIC resolutions

- ALLIANCE BANK (ANCHORAGE, AK) — failed 1989-04-21 — /failed-bank/2359
- ALASKA MUTUAL BANK (ANCHORAGE, AK) — failed 1988-01-28 — /failed-bank/1613
- FIRST INTERSTATE BANK OF ALASKA (ANCHORAGE, AK) — failed 1987-12-11 — /failed-bank/1577

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=ALASKA%20NATIONAL%20BANK%20OF%20THE%20NORTH

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ALASKA NATIONAL BANK OF THE NORTH (FDIC ID 1542), failed 1987-10-22. Retrieved via AI Analytics 2026-07-12 from https://api.ai-analytics.org/failed-bank/1542.

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