Bank Failure
AMERICAN BANK & TRUST
Closed September 20, 1974 · ORANGEBURG, SC · FDIC Cert #11543.
- Closing date
- September 20, 1974
- Headquarters
- ORANGEBURG, SC
- FDIC Certificate
- 11543
- Total assets at closing
- $147,137,000
- Total deposits at closing
- $112,703,000
- Resolution type
- other
Context
On September 20, 1974, regulators closed AMERICAN BANK & TRUST, headquartered in ORANGEBURG, SC. At closing, the institution held approximately $147,137,000 in assets and $112,703,000 in deposits. The FDIC resolved the institution without a single-acquirer transaction.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1974
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1974-10-09 | CROMWELL STATE SAVINGS BANK | CROMWELL, IA | $3,502,000 |
| 1974-10-08 | FRANKLIN NATIONAL BANK | NEW YORK, NY | $3,655,662,000 |
| 1974-09-27 | TRI-CITY BANK | WARREN, MI | $16,295,000 |
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