Bank Failure
United States National Bank
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Closed October 18, 1973 · San Diego, CA · FDIC Cert #3506.
- Closing date
- October 18, 1973
- Headquarters
- San Diego, CA
- FDIC Certificate
- 3506
- Total assets at closing
- $1.27B
- Total deposits at closing
- $932.0M
- 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 October 18, 1973, regulators closed United States National Bank, headquartered in San Diego, CA. At closing, the institution held approximately $1.27B in assets and $932.0M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 173rd largest of the 3,526 bank failures in the FDIC record, and the 1st 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 United States National Bank fail?
United States National Bank was closed by regulators on October 18, 1973.
How big was United States National Bank when it failed?
United States National Bank had approximately $1.27B in total assets and $932.0M in deposits at the time of failure.
Other failures in 1973
| Date | Bank | Assets |
|---|---|---|
| Oct 5, 1973 | First National Bank of Eldora | $8.1M |
| Jul 16, 1973 | The First State Bank | $16.2M |
| May 7, 1973 | Elm Creek State Bank | $3.2M |
| Mar 26, 1973 | Skyline National Bank | $6.5M |
| Jan 19, 1973 | Delta Security Bank and Trust Company | $9.8M |
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