Bank Failure
Elm Creek State Bank
BankRegReports is independent of Elm Creek State Bank and never asks for online banking logins or passwords.
Closed May 7, 1973 · Elm Creek, NE · FDIC Cert #16214.
- Closing date
- May 7, 1973
- Headquarters
- Elm Creek, NE
- FDIC Certificate
- 16214
- Total assets at closing
- $3.2M
- Total deposits at closing
- $2.9M
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On May 7, 1973, regulators closed Elm Creek State Bank, headquartered in Elm Creek, NE. At closing, the institution held approximately $3.2M in assets and $2.9M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3056th largest of the 3,526 bank failures in the FDIC record, and the 6th of 6 in 1973. It falls in the period the record labels Postwar Stability (1945-1979), a period with 161 failures peaking at 16 in 1976.
Three decades of regulated calm — Reg Q ceilings, geographic branching limits, and high industry profits kept failures rare.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Elm Creek State Bank fail?
Elm Creek State Bank was closed by regulators on May 7, 1973.
How big was Elm Creek State Bank when it failed?
Elm Creek State Bank had approximately $3.2M in total assets and $2.9M in deposits at the time of failure.
Other failures in 1973
| Date | Bank | Assets |
|---|---|---|
| Oct 18, 1973 | United States National Bank | $1.27B |
| Oct 5, 1973 | First National Bank of Eldora | $8.1M |
| Jul 16, 1973 | The First State Bank | $16.2M |
| Mar 26, 1973 | Skyline National Bank | $6.5M |
| Jan 19, 1973 | Delta Security Bank and Trust Company | $9.8M |
Explore: all failures · NE bank events · 1973 events · events hub