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 |
|---|---|---|
| May 1, 1970 | Bank of Prosser | Bank of Yakima |
| Apr 25, 1970 | Commonwealth National Bank | (unnamed) |
| Apr 20, 1970 | The Doylestown National Bank and Trust Company | Continental Bank |
| Apr 20, 1970 | Atlantic National Bank | The Connecticut National Bank |
| Apr 15, 1970 | First-Citizens Bank and Trust Company | First Citizens Bank and Trust Company, Inc. |
| Apr 13, 1970 | Bank of Grand Cane | First National Bank in Mansfield |
| Apr 11, 1970 | Los Padres National Bank | Wells Fargo Bank, N.A. |
| Apr 6, 1970 | Garden State Bank | The Bank of New Jersey |
| Apr 1, 1970 | Citizens National Bank of Blossburg | First Citizens Community Bank |
| Mar 25, 1970 | Farmers & Citizens Banking Company | The Union Bank and Savings Company |
| Mar 21, 1970 | Farmers State Bank | Tricentury Bank |
| Mar 19, 1970 | The Armada State Bank | Old Kent Bank, National Association |
| Mar 16, 1970 | The First National Bank of Harrisonburg | NationsBank, National Association |
| Mar 16, 1970 | Community Bank and Trust Company | Central Penn National Bank |
| Mar 2, 1970 | Bank of Stoneville | North State Bank |
| Mar 2, 1970 | Rockland National Bank | Empire National Bank |
| Mar 2, 1970 | Hardy Banking Company | Sky Bank-Mid AM Region |
| Mar 2, 1970 | Cle Elum State Bank | KeyBank National Association |
| Mar 2, 1970 | Jersey State Bank | Midlantic National Bank/North |
| Mar 2, 1970 | Bank of Independence | Star Bank, National Association, Kentucky |
| Feb 24, 1970 | Redmond State Bank | Bank of the West |
| Feb 23, 1970 | Marion Bank and Trust Company | Bank of America, N.A. |
| Feb 23, 1970 | Fort Lee Trust Company | Summit Bank |
| Feb 16, 1970 | Farmers and Miners Trust Company | S & T Bank |
| Feb 14, 1970 | (unnamed) | First Interstate Bank of California |
| Feb 10, 1970 | The State Bank of Lime Ridge | The Reedsburg Bank |
| Feb 10, 1970 | State Bank of Deer Park | Bremer Bank, National Association |
| Feb 10, 1970 | Bank of North Freedom | The Reedsburg Bank |
| Jan 31, 1970 | Southland National Bank | United States National Bank |
| Jan 26, 1970 | Citizens Bank & Trust Company of Andrews | Wachovia Bank, National Association |
| Jan 19, 1970 | West Unity Banking Company | The Citizens National Bank |
| Jan 12, 1970 | Peoples National Bank of Sussex County | Midlantic National Bank/North |
| Jan 9, 1970 | Community State Bank | Wells Fargo Bank South Dakota, N.A. |
| Jan 5, 1970 | Central Michigan Bank | Old Kent Bank of Big Rapids |
| Jan 2, 1970 | National Bank of Chester County and Trust Company | (unnamed) |
| Jan 2, 1970 | The Bank of Sussex County | The Bank of New York |
| Jan 2, 1970 | Continental Bank of Midvale | U.S. Bank of Utah |
| Jan 2, 1970 | Salem National Bank and Trust Company | First National Bank of South Jersey |
| Jan 2, 1970 | Marine Midland Trust Company of Rockland County | Marine Midland Bank of Southeastern New York, N.A. |
| Jan 2, 1970 | The Twelve Mile State Bank | First National Bank of Indiana |
| Jan 2, 1970 | Bank of Pittsboro | Central Carolina Bank and Trust Company |
| Jan 2, 1970 | The Clayton National Bank | Peoples Bank of South Jersey |
| Jan 2, 1970 | Farmers Banking Company | The Huntington National Bank of Bellefontaine |
| Jan 2, 1970 | The Citizens National Bank of Westernport | First United Bank & Trust |
| Jan 2, 1970 | The First National Bank of York | The Commonwealth National Bank |
| Jan 2, 1970 | Harrisburg National Bank and Trust Company | The Commonwealth National Bank |
| Jan 2, 1970 | Peoples Union Bank & Trust Company | National City Bank of Pennsylvania |
| Jan 2, 1970 | The First National Bank of Barton | First United Bank & Trust |
| Jan 1, 1970 | Olean Trust Company | Key Bank of Western New York National Association |
| Jan 1, 1970 | (unnamed) | First National Bank Alaska |
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