Bank Failure
Wilcox County Bank
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Closed March 1, 1978 · Camden, AL · FDIC Cert #1726.
- Closing date
- March 1, 1978
- Headquarters
- Camden, AL
- FDIC Certificate
- 1726
- Total assets at closing
- $12.7M
- Total deposits at closing
- $10.6M
- 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 March 1, 1978, regulators closed Wilcox County Bank, headquartered in Camden, AL. At closing, the institution held approximately $12.7M in assets and $10.6M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 2652nd largest of the 3,526 bank failures in the FDIC record, and the 4th of 7 in 1978. 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 Wilcox County Bank fail?
Wilcox County Bank was closed by regulators on March 1, 1978.
How big was Wilcox County Bank when it failed?
Wilcox County Bank had approximately $12.7M in total assets and $10.6M in deposits at the time of failure.
Other failures in 1978
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 1978 | North Point State Bank | $26.5M |
| Sep 5, 1978 | Banco de Ahorro De Puerto Rico | $9.4M |
| Jul 21, 1978 | Watkins Banking Company | $1.7M |
| Mar 31, 1978 | Banco Credito Y De Ahorro Ponceno | $712.5M |
| Jan 26, 1978 | First Bank of Macon County | $4.5M |
| Jan 19, 1978 | The Drovers' National Bank of Chicago | $226.8M |
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