Bank Failure
Tri-City Bank
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Closed September 27, 1974 · Warren, MI · FDIC Cert #17918.
- Closing date
- September 27, 1974
- Headquarters
- Warren, MI
- FDIC Certificate
- 17918
- Total assets at closing
- $16.3M
- Total deposits at closing
- $14.9M
- 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 September 27, 1974, regulators closed Tri-City Bank, headquartered in Warren, MI. At closing, the institution held approximately $16.3M in assets and $14.9M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 2486th largest of the 3,526 bank failures in the FDIC record, and the 3rd of 4 in 1974. 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 Tri-City Bank fail?
Tri-City Bank was closed by regulators on September 27, 1974.
How big was Tri-City Bank when it failed?
Tri-City Bank had approximately $16.3M in total assets and $14.9M in deposits at the time of failure.
Other failures in 1974
| Date | Bank | Assets |
|---|---|---|
| Oct 9, 1974 | Cromwell State Savings Bank | $3.5M |
| Oct 8, 1974 | Franklin National Bank | $3.66B |
| Sep 20, 1974 | American Bank & Trust | $147.1M |
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