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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
Jun 16, 1971 State Bank of Francis Creek WI Bank First, N.A.
Jun 14, 1971 First National Bank in Clatskanie OR Western Bank
Jun 10, 1971 North Avenue Savings Bank MA Cambridge Savings Bank
Jun 7, 1971 Phillipsburg Trust Company, National Association NJ Midlantic National Bank/North
Jun 5, 1971 The Second National Bank of Phillipsburg NJ Chemical Bank New Jersey, National Association
Jun 1, 1971 Eastern Shore Citizens Bank VA United Virginia Bank/Seaboard National
May 29, 1971 Catskill National Bank and Trust Company NY Marine Midland Bank - Eastern, National Association
May 24, 1971 The St. Clair National Bank of Belleville IL Magna Bank, National Association
May 8, 1971 Polk County State Bank OR The Oregon Bank
May 3, 1971 Provident Trust Company PA Equibank
May 1, 1971 The Bank for Savings of Westchester NY Peoples Westchester Savings Bank
May 1, 1971 Lucas State Bank OH Bank One, Mansfield
Apr 26, 1971 Gleason State Bank WI Lincoln Community Bank
Apr 16, 1971 Falls Village Savings Bank CT The Torrington Savings Bank
Apr 5, 1971 Pocono Bank PA PNC Bank, Northeast PA
Apr 5, 1971 Bank of Vancouver, National Association WA U.S. Bank of Washington, National Association
Apr 1, 1971 Trust Company of Georgia Bank of Sandy Springs GA Suntrust Bank
Apr 1, 1971 Industrial Bank and Trust Company MA Coolidge Bank and Trust Company
Apr 1, 1971 The Commercial Savings Bank of Saint Louis, Michigan MI Chemical Bank
Mar 27, 1971 The Stanford Bank CA (unnamed)
Mar 22, 1971 Port William Banking Company OH The National Bank and Trust Company
Mar 20, 1971 National Bank of Mason County WA Puget Sound Bank
Mar 8, 1971 The First National Bank of Bordentown NJ First National Bank of South Jersey
Mar 8, 1971 Southgate National Bank of Richmond County GA SunTrust Bank, Augusta, National Association
Mar 1, 1971 First Bank of South De Kalb GA Wachovia Bank of Georgia, National Association
Mar 1, 1971 South Side Bank and Trust Company PA Penn Security Bank and Trust Company
Mar 1, 1971 First National Bank of Doraville GA Wachovia Bank of Georgia, National Association
Feb 20, 1971 Embarrass State Bank WI Citizens Bank, National Association
Feb 16, 1971 The Farmers National Bank of Deposit NY NBT Bank, N.A.
Feb 8, 1971 Broadway National Bank and Trust Company of Pitman NJ First Peoples Bank of New Jersey
Feb 1, 1971 The Haynes Bank NC First-Citizens Bank & Trust Company
Feb 1, 1971 Patapsco National Bank in Ellicott City MD Allfirst Bank
Feb 1, 1971 Bank of Washington NC Bank of America, N.A.
Feb 1, 1971 State Bank of South Carolina SC First Citizens Bank and Trust Company, Inc.
Feb 1, 1971 North Jersey National Bank NJ Fidelity Union Bank, National Association, Garden State
Feb 1, 1971 Bank of Clinton SC First National Bank of South Carolina
Jan 30, 1971 Marine Midland Trust Company of Mohawk Valley NY Marine Midland Bank-Central
Jan 23, 1971 The First National Bank of Milford NJ Constellation Bank, National Association
Jan 12, 1971 Santa Ynez Valley Bank CA American National Bank
Jan 4, 1971 Grange National Bank of Potter County PA First Citizens Community Bank
Jan 4, 1971 (unnamed) — The Greater New York Savings Bank
Jan 4, 1971 Old Colony Trust, N.A. MA Fleet National Bank
Jan 4, 1971 Richmond County Bank GA First Union Bank of Augusta
Jan 4, 1971 Metropolitan State Bank GA First Union Bank of Augusta
Jan 4, 1971 Kiski Valley National Bank PA First Commonwealth Bank
Jan 4, 1971 Stokesdale Commercial Bank NC Central Carolina Bank and Trust Company
Jan 4, 1971 The Millerton National Bank NY National Bank of Westchester
Jan 2, 1971 Exchange Bank & Trust Company PA Pennbank
Jan 1, 1971 The First National Bank of Roselle NJ First National Bank of Central Jersey

FDIC Open-Bank Assistance in 1971

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

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