Bank Failure
SOUTHERN NATIONAL BANK
Closed June 14, 1979 · BIRMINGHAM, AL · FDIC Cert #22102.
- Closing date
- June 14, 1979
- Headquarters
- BIRMINGHAM, AL
- FDIC Certificate
- 22102
- Total assets at closing
- $32,586,000
- Total deposits at closing
- $24,032,000
- Resolution type
- other
Context
On June 14, 1979, regulators closed SOUTHERN NATIONAL BANK, headquartered in BIRMINGHAM, AL. At closing, the institution held approximately $32,586,000 in assets and $24,032,000 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 1979
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1979-10-12 | LIVINGSTON STATE BANK | LIVINGSTON, NJ | $12,681,000 |
| 1979-10-12 | AMERICAN NATIONAL BANK | HOUSTON, TX | $10,659,000 |
| 1979-09-28 | FIDELITY BANK | UTICA, MS | $32,818,000 |
| 1979-09-21 | THE FARMERS STATE BANK | PROTECTION, KS | $5,038,000 |
| 1979-07-14 | GATEWAY NATIONAL BANK | CHICAGO, IL | $16,933,000 |
| 1979-07-14 | THE GUARANTY BANK & TRUST COMPANY | CHICAGO, IL | $7,876,000 |
| 1979-06-16 | BANK OF ENVILLE | ENVILLE, TN | $3,468,000 |
| 1979-01-26 | VILLAGE BANK | PUEBLO WEST, CO | $5,059,000 |
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