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Calendar Year

1971 in US Banking

106 bank events are on record for 1971: 6 failures, 99 mergers or acquisitions involving a bank, credit union or bank holding company, and 0 enforcement actions.

6
Failures
$196.5M in failed assets
99
Mergers
Federal Reserve NIC, banking organizations
0
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
1
Assistance
FDIC open-bank assistance

Jump to: Bank failures 1971 · Bank mergers 1971

How many banks failed in 1971?

6 banks failed in 1971, with $196.5M in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Dec 30, 1971 First Community State Bank of Savannah Savannah, MO $3.7M —
Nov 30, 1971 The First National Bank of Cripple Creek Cripple Creek, CO $1.3M —
Apr 5, 1971 Bank of Salem Salem, NE $679K —
Feb 17, 1971 Farmers State Bank of Carlock Carlock, IL $2.2M —
Feb 16, 1971 Birmingham-Bloomfield Bank Birmingham, MI $109.7M —
Jan 25, 1971 Sharpstown State Bank Houston, TX $78.9M —

Which banks merged in 1971?

99 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1971.

See the fuller list: Bank mergers 1971 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 31, 1971 Granite National Bank UT KeyBank National Association
Dec 31, 1971 Bank of Windsor NC Wachovia Bank, N.A.
Dec 31, 1971 The Bank of Farmville NC Wachovia Bank, N.A.
Dec 31, 1971 United States Trust Company MA Boston Trust Walden N.A.
Dec 27, 1971 Farmers Bank OH The Wayne County National Bank of Wooster
Dec 13, 1971 The North Side Bank and Trust Company CT The Connecticut Bank and Trust Company, N.A.
Dec 10, 1971 The Citizens and Southern Bank of Chatham County GA NationsBank, National Association (South)
Dec 9, 1971 The Citizens and Southern Bank of Richmond County GA NationsBank, National Association (South)
Dec 1, 1971 The First National Bank of Sayre PA Commonwealth Bank and Trust Company
Dec 1, 1971 Bank of Elba NY The Citizens Central Bank
Dec 1, 1971 First-Machinists National Bank of Taunton the MA BayBank Southeast, National Association
Nov 20, 1971 The Bank of Rainelle WV Western Greenbrier National Bank
Nov 18, 1971 Farmers State Bank of Dalmatia PA Mid Penn Bank
Nov 16, 1971 The First National Bank of Laurens SC First Union National Bank of South Carolina
Nov 15, 1971 Columbus Industrial Bank CT The Connecticut Bank and Trust Company, N.A.
Nov 1, 1971 Springfield Five Cents Savings Bank MA Community Savings Bank
Nov 1, 1971 Mid-Way Bank AL The Bank of East Alabama
Nov 1, 1971 Northfield Trust Company VT Merchants Bank
Oct 30, 1971 Bank of Redding CA The Bank of California, National Association
Oct 23, 1971 Provident National Bank PA Provident National Bank
Oct 16, 1971 City National Bank of Russellville AL (unnamed)
Oct 1, 1971 Northern National Bank and Trust Company PA Citizens & Northern Bank
Oct 1, 1971 The First National Bank of Glassboro NJ First National Bank of South Jersey
Oct 1, 1971 The State Bank of Carson City MI Independent Bank
Sep 30, 1971 The First National Bank of Nesquehoning PA Summit Bank
Sep 25, 1971 (unnamed) — First Fidelity Bank, National Association, West Jersey
Sep 24, 1971 Newport National Bank CA Southern California First National Bank
Sep 21, 1971 The First National Bank of Winthrop NY Farmers National Bank of Malone
Sep 11, 1971 First Stroudsburg National Bank PA First Eastern Bank, National Association
Sep 11, 1971 United Bank NY Community Bank, N.A.
Sep 11, 1971 First National Bank of Tuckerton NJ First Peoples Bank of New Jersey
Sep 1, 1971 First National Bank and Trust Company MD Maryland National Bank
Sep 1, 1971 Bank of Kershaw SC First National Bank of South Carolina
Aug 21, 1971 The Farmers and Merchants National Bank of Matawan NJ United Jersey Bank/Franklin State
Aug 20, 1971 Slatington National Bank and Trust Company PA Meridian Bank
Aug 12, 1971 The Bank of Houston MS Cadence Bank
Aug 8, 1971 Tidewater Bank MD Equitable Bank, National Association
Aug 1, 1971 The Security National Bank of Viborg SD First Premier Bank
Aug 1, 1971 Rushmore State Bank SD First Premier Bank
Jul 31, 1971 Inland Bank CA The Bank of California, National Association
Jul 31, 1971 First National Bank of Harrisburg OR Citizens Bank of Oregon
Jul 31, 1971 Bank of Rocky Mount NC Wachovia Bank, N.A.
Jul 1, 1971 Franklin Savings Bank in the City of N. Y. NY American Savings Bank
Jul 1, 1971 The First National Bank of State College PA Mellon Bank (Central) National Association
Jul 1, 1971 Farmers State Banking Company OH Tiffin Valley National Bank
Jun 30, 1971 City Trust Company CT Citytrust
Jun 26, 1971 The Bergen County National Bank of Hackensack NJ (unnamed)
Jun 26, 1971 Hollywood National Bank CA United States National Bank
Jun 25, 1971 Trust Company of Georgia Bank of De Kalb GA Suntrust Bank
Jun 24, 1971 The First National Bank of Lansford PA Summit Bank

FDIC Open-Bank Assistance in 1971

Date Institution HQ Assets
Jul 27, 1971 Unity Bank & Trust Company Boston (Roxbury), MA —

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