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 |
|---|---|---|
| Sep 1, 1970 | The First National Bank of Salamanca | First Trust Union Bank |
| Aug 31, 1970 | The State Commercial Bank | Bank of America, N.A. |
| Aug 31, 1970 | First Trust Company of Hilo | Bishop Trust Company, Ltd. |
| Aug 31, 1970 | Saucon Valley Trust Company | The First National Bank of Allentown |
| Aug 17, 1970 | The Wilton National Bank | Indian Head National Bank of Nashua |
| Aug 17, 1970 | National Bank of Washington, Tacoma, Washington | First Interstate Bank of Washington, National Association |
| Aug 17, 1970 | The First National Bank of Pittsfield | Maine National Bank |
| Aug 8, 1970 | National Bank of Agriculture | National Bank of Agriculture |
| Aug 3, 1970 | The National Exchange Bank of Boonville | Chase Lincoln First Bank, N.A. |
| Aug 3, 1970 | Suburban National Bank of Virginia | First & Merchants National Bank |
| Aug 3, 1970 | Bank of Charlotte | Southern National Bank of North Carolina |
| Aug 1, 1970 | Bank of Sacramento | (unnamed) |
| Aug 1, 1970 | Exchange State Bank of Kansas City | The Commercial National Bank |
| Jul 27, 1970 | The State Bank of Wingate | Bank of North Carolina, National Association |
| Jul 20, 1970 | The First National Bank and Trust Company of Paulsboro | National Bank and Trust Company of Gloucester County |
| Jul 20, 1970 | Pitman National Bank and Trust Company | National Bank and Trust Company of Gloucester County |
| Jul 20, 1970 | Citizens Savings Bank | Heritage Bank, N.A. - Salem |
| Jul 10, 1970 | Montclair National Bank and Trust Company | Chemical Bank New Jersey, National Association |
| Jul 9, 1970 | Barre Trust Company | Merchants Bank |
| Jul 6, 1970 | Langley State Bank | U.S. Bank of Washington, National Association |
| Jul 6, 1970 | Montgomery Banking and Trust Company | University National Bank |
| Jul 6, 1970 | Trade Bank and Trust Company | (unnamed) |
| Jul 1, 1970 | Bank of St. George | Zions Bancorporation, N.A. |
| Jul 1, 1970 | Bristol County Trust Company | First Bristol County National Bank |
| Jul 1, 1970 | Brevoort Savings Bank | CrossLand Federal Savings Bank |
| Jul 1, 1970 | Peoples Bank of Clymer | Laurel Bank |
| Jul 1, 1970 | Fidelity National Bank of Twin Falls | U. S. Bank of Idaho |
| Jul 1, 1970 | Weidman State Bank | Isabella Bank |
| Jun 30, 1970 | The Fogelsville National Bank | Merchants Bank, National Association |
| Jun 30, 1970 | Peoples National Bank of Tarentum | Southwest Bank |
| Jun 30, 1970 | State Bank of Whiting | Northwest Bank of Indiana, National Associaton |
| Jun 30, 1970 | The First National Bank of Williamstown | First National Bank of South Jersey |
| Jun 29, 1970 | Union State Bank | Firstar Bank Ottumwa |
| Jun 12, 1970 | Gateway National Bank | Southern California First National Bank |
| Jun 2, 1970 | The First National Bank of Houlton | Key Bank of Northern Maine |
| Jun 1, 1970 | The Merchants and Farmers Bank | NationsBank, National Association |
| Jun 1, 1970 | Citizens State Bank | The Fidelity Bank |
| May 30, 1970 | Bank of Commerce | Zions Bancorporation, N.A. |
| May 25, 1970 | Vineland National Bank and Trust Company | First Peoples Bank of New Jersey |
| May 25, 1970 | The Peoples National Bank of Hackettstown | Summit Bank |
| May 18, 1970 | The Tradesmens Bank and Trust Company of Vineland | The Bank of New Jersey |
| May 18, 1970 | Lava Hot Springs State Bank | Cassia National Bank |
| May 11, 1970 | New Jersey National Bank and Trust Company | New Jersey National Bank |
| May 4, 1970 | Milton Bank and Safe Deposit Company | Northern Central Bank |
| May 4, 1970 | First National Bank of Harford County | Allfirst Bank |
| May 1, 1970 | Burlington Bank & Trust Company | United Jersey Bank/Fidelity Bank |
| May 1, 1970 | Commercial Bank of Washington | Old National Bank of Washington |
| May 1, 1970 | Umpqua National Bank | The Oregon Bank |
| May 1, 1970 | Union National Bank and Trust Company | Midlantic National Bank/South |
| May 1, 1970 | The First National Bank of Mooresville | Carolina First National Bank |
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