ALLIANCE BANK Failed 1989

What happened

ALLIANCE BANK of ANCHORAGE, AK was closed on 1989-04-21. 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

2359

FDIC Certificate

18462

FDIC FIN

4009

Bank name

ALLIANCE BANK

Location

ANCHORAGE, AK

Failure date

1989-04-21

FDIC resolution date

1989-04-21

Charter type

State commercial bank, non-Federal Reserve member (FDIC-supervised)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$76M

Deposits at failure

$797M

Assets at failure

$779M

Acquiring bank

NATIONAL BANK OF ALASKA (ANCHORAGE, AK)

Other banks NATIONAL BANK OF ALASKA acquired in FDIC resolutions

• ALASKA MUTUAL BANK (ANCHORAGE, AK) — failed 1988-01-28
• FIRST INTERSTATE BANK OF ALASKA (ANCHORAGE, AK) — failed 1987-12-11
• ALASKA NATIONAL BANK OF THE NORTH (FAIRBANKS, AK) — failed 1987-10-22