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Calendar Year

1974 in US Banking

123 bank events are on record for 1974: 4 failures, 119 mergers or acquisitions involving a bank, credit union or bank holding company, and 0 enforcement actions.

4
Failures
$3.82B in failed assets
119
Mergers
Federal Reserve NIC, banking organizations
0
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 1974 · Bank mergers 1974

How many banks failed in 1974?

4 banks failed in 1974, with $3.82B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Oct 9, 1974 Cromwell State Savings Bank Cromwell, IA $3.5M —
Oct 8, 1974 Franklin National Bank New York, NY $3.66B —
Sep 27, 1974 Tri-City Bank Warren, MI $16.3M —
Sep 20, 1974 American Bank & Trust Orangeburg, SC $147.1M —

Which banks merged in 1974?

119 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1974.

See the fuller list: Bank mergers 1974 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Feb 27, 1974 The Citizens Bank Company OH The People's National Bank of Georgetown
Feb 11, 1974 The Union State Bank IN The Shelby National Bank of Shelbyville
Jan 22, 1974 Beverly Hills National Bank CA Wells Fargo Bank, N.A.
Jan 18, 1974 Mid State Bank and Trust Company NJ The Central Jersey Bank and Trust Company
Jan 12, 1974 National White River Bank in Bethel VT Green Mountain Bank
Jan 5, 1974 Sykesville State Bank MD Maryland National Bank
Jan 2, 1974 Garden City Trust Company MA University Bank N.A.
Jan 2, 1974 United Virginia Bank of Fairfax VA United Virginia Bank/National
Jan 2, 1974 The First National Bank of Klemme IA North Iowa State Bank
Jan 2, 1974 Hendricks County Bank and Trust Company IN Hendricks County Bank and Trust Company
Jan 1, 1974 The Beach City Banking Company OH Unizan Bank, N.A.
Jan 1, 1974 (unnamed) — First Trust Bank
Jan 1, 1974 Bank of Crisfield MD Eastern Shore National Bank
Jan 1, 1974 Colonial Bank and Trust Company MD NationsBank, National Association
Jan 1, 1974 The Peoples Bank at Selma Mall, National Association AL The Peoples Bank & Trust Company
Jan 1, 1974 Bank of Virginia-Southeast VA Bank of Virginia-Eastern
Jan 1, 1974 The Grand Rapids Banking Company OH Sky Bank-Mid AM Region
Jan 1, 1974 The First National Bank of Shinglehouse PA Commonwealth Bank and Trust Company
Jan 1, 1974 Bank of South Williamsport PA Bank of Central Pennsylvania

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