Calendar Year
1970 in US Banking
157 bank events are on record for 1970: 7 failures, 150 mergers or acquisitions involving a bank, credit union or bank holding company, and 0 enforcement actions.
7
Failures
$62.1M in failed assets
150
Mergers
Federal Reserve NIC, banking organizations
0
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 1970 · Bank mergers 1970
How many banks failed in 1970?
7 banks failed in 1970, with $62.1M in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Oct 8, 1970 | Berea Bank and Trust Company | $5.9M |
| Sep 3, 1970 | City Bank of Philadelphia | $10.8M |
| Aug 24, 1970 | First State Bank of Bonne Terre | $8.0M |
| Aug 7, 1970 | Eatontown National Bank | $21.4M |
| Jun 25, 1970 | Farmers Bank of Petersburg | $1.1M |
| Apr 18, 1970 | The Peoples State Savings Bank | $10.9M |
| Feb 22, 1970 | State Bank of Prairie City | $4.1M |
Which banks merged in 1970?
150 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1970.
See the fuller list: Bank mergers 1970 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Dec 31, 1970 | Lisbon National Bank | Lafayette National Bank |
| Dec 31, 1970 | Bank of Statesville | Truist Bank |
| Dec 31, 1970 | The Lone Tree Savings Bank | Farmers & Merchants Savings Bank |
| Dec 31, 1970 | The National Bank of Eaton Rapids | First of America Bank-Central |
| Dec 31, 1970 | Seaside Bank | Long Island Trust Company, National Association |
| Dec 16, 1970 | Republic National Bank and Trust Company | Central Bank |
| Dec 8, 1970 | Lancaster County Farmers National Bank | CoreStates Hamilton Bank |
| Dec 8, 1970 | National Bank and Trust Company of York | CoreStates Hamilton Bank |
| Dec 8, 1970 | Wayside State Bank | Greenleaf Bank |
| Dec 7, 1970 | Orange Valley Bank | First Fidelity Bank, National Association, New Jersey |
| Dec 7, 1970 | The Citizens National Bank of Tunkhannock | United Penn Bank |
| Dec 1, 1970 | The First National Bank of Center Point | The Riddell National Bank |
| Nov 30, 1970 | The Fifth Ward Savings Bank | Hudson City Savings Bank |
| Nov 23, 1970 | Carroll County Bank | NationsBank, National Association |
| Nov 20, 1970 | Capital City Bank of Nashville, Tennessee | First Union National Bank of Tennessee |
| Nov 16, 1970 | The Bank of French Broad | Wachovia Bank, N.A. |
| Nov 16, 1970 | Millsboro Trust Company | PNC Bank, Delaware |
| Nov 7, 1970 | The Multnomah Bank | Pacific Western Bank |
| Nov 7, 1970 | The First National Bank of Holtville | Wells Fargo Bank, N.A. |
| Nov 2, 1970 | Gold Standard National Bank | Warren National Bank |
| Nov 2, 1970 | Worcester Mechanics Savings Bank | Peoples Savings Bank |
| Nov 2, 1970 | Bank of Westbury Trust Company | Long Island Trust Company, National Association |
| Nov 2, 1970 | General Bank and Trust Company | Fleet National Bank |
| Nov 2, 1970 | Pioneer Banking Company | The Citizens National Bank |
| Nov 2, 1970 | Citizens Bank | InterFirst Bank Houston, National Association |
| Nov 2, 1970 | Penn Central Employees Mutual Savings Association | Industrial Valley Bank and Trust Company |
| Nov 1, 1970 | The First National Bank of Pedricktown | First National Bank of South Jersey |
| Nov 1, 1970 | The Cohocton State Bank | Norstar Bank |
| Oct 31, 1970 | Citrus National Bank | (unnamed) |
| Oct 26, 1970 | First National Bank in New Egypt | The Bank of Mid-Jersey |
| Oct 19, 1970 | The First National Bank in Frackville | Meridian Bank |
| Oct 19, 1970 | Metropolitan National Bank of Maryland | Signet Bank-Maryland |
| Oct 13, 1970 | First National Bank in Yonkers | (unnamed) |
| Oct 1, 1970 | The Community Bank | Marine Midland Bank - New York |
| Oct 1, 1970 | State Bank of Rainier | The Oregon Bank |
| Oct 1, 1970 | Bountiful State Bank | Zions Bancorporation, N.A. |
| Oct 1, 1970 | Bank of Simpsonville | Citizens Union Bank of Shelbyville |
| Oct 1, 1970 | First National Bank of Edinboro | Marine Bank |
| Oct 1, 1970 | First National Bank in Tonasket | Old National Bank of Washington |
| Oct 1, 1970 | National Bank of Commerce of Spartanburg | First Citizens Bank and Trust Company, Inc. |
| Sep 30, 1970 | State Bank | First Union National Bank of South Carolina |
| Sep 28, 1970 | Peoples State Bank | The Park National Bank |
| Sep 26, 1970 | North West Bank | Old National Bank of Washington |
| Sep 21, 1970 | Industrial Bank of Lexington | Security Capital Bank |
| Sep 14, 1970 | National City Bank of Baltimore | NationsBank, National Association |
| Sep 10, 1970 | Security Bank | First Bank of South Dakota (National Association) |
| Sep 8, 1970 | The Waldorf Bank | Citizens Bank of Maryland |
| Sep 1, 1970 | The National Bank of Orange | National Bank and Trust Company |
| Sep 1, 1970 | The Citizens Bank of Wind Gap | Easton National Bank and Trust Company |
| Sep 1, 1970 | The Home Bank | Midland National Bank |
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