# FIRST INTERSTATE BANK OF ALASKA

> **Failed bank** · ANCHORAGE, AK · failed 1987-12-11 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $104M

## What happened

FIRST INTERSTATE BANK OF ALASKA of ANCHORAGE, AK was closed by regulators on **1987-12-11**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 1577
- **FDIC Certificate:** 17334
- **FDIC FIN:** 2766
- **Bank name:** FIRST INTERSTATE BANK OF ALASKA
- **Location:** ANCHORAGE, AK
- **Failure date:** 1987-12-11
- **FDIC resolution date:** 1987-12-11
- **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:** $104M
- **Deposits at failure:** $359M
- **Assets at failure:** $368M
- **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
- ALASKA NATIONAL BANK OF THE NORTH (FAIRBANKS, AK) — failed 1987-10-22 — /failed-bank/1542

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST INTERSTATE BANK OF ALASKA (FDIC ID 1577), failed 1987-12-11. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/failed-bank/1577.

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