Calendar Year
1977 in US Banking
174 bank events are on record for 1977: 5 failures, 168 mergers or acquisitions involving a bank, credit union or bank holding company, and 0 enforcement actions.
5
Failures
$42.4M in failed assets
168
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 1977 · Bank mergers 1977
How many banks failed in 1977?
5 banks failed in 1977, with $42.4M in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Aug 26, 1977 | Donahue Savings Bank | $5.5M |
| Jul 29, 1977 | Republic National Bank of Louisiana | $6.3M |
| May 20, 1977 | First Augusta Bank & Trust Company | $24.2M |
| Mar 28, 1977 | The Monroe Bank and Trust Company | $4.3M |
| Mar 10, 1977 | First State Bank | $2.0M |
Which banks merged in 1977?
168 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1977.
See the fuller list: Bank mergers 1977 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Jul 1, 1977 | Landmark Bank of North Fort Lauderdale, National Association | (unnamed) |
| Jul 1, 1977 | Landmark Bank of Sunrise, National Association | (unnamed) |
| Jul 1, 1977 | Landmark Bank of Pompano Beach, N. A. | (unnamed) |
| Jun 18, 1977 | Bankers National Bank | Valley National Bank |
| Jun 11, 1977 | The Northampton National Bank of Easton | The First National Bank of Allentown |
| Jun 1, 1977 | Sun First National Bank of Melbourne | Sun First National Bank of Brevard County |
| Jun 1, 1977 | State Bank of Manville | Somerset Trust Company |
| May 28, 1977 | The First National Bank of Mexico | Key Bank of Northern New York National Association |
| May 24, 1977 | New Franken Bank | Bank One, Green Bay |
| May 13, 1977 | Peoples National Bank of Plymouth | Trustcorp Company, National Association |
| May 2, 1977 | First National Bank of Broward County | The First Bankers, N.A. |
| May 2, 1977 | First National Bank of Margate | The First Bankers, N.A. |
| May 2, 1977 | First National Bank on the Beach | The First Bankers, N.A. |
| Apr 16, 1977 | Iowa State Bank | State Central Bank |
| Apr 2, 1977 | Ainsworth State Bank | Mercantile Bank of Washington |
| Apr 1, 1977 | Peninsula National Bank | (unnamed) |
| Apr 1, 1977 | Southport American National Bank of Fort Lauderdale | Gulfstream American Bank and Trust, N.A. |
| Apr 1, 1977 | Flagship Bank South, St. Petersburg | Flagship Bank of Pinellas, N.A. |
| Apr 1, 1977 | Flagship Bank North of St. Petersburg, N. A. | Flagship Bank of Pinellas, N.A. |
| Apr 1, 1977 | Chemical Bank Hudson Valley, National Association | JPMorgan Chase Bank, N.A. |
| Apr 1, 1977 | Town and Country Bank | Wachovia Bank, National Association |
| Apr 1, 1977 | The Hancock Bank | Allfirst Bank |
| Apr 1, 1977 | Lafayette Bank & Trust Co. | Southern National Bank of North Carolina |
| Apr 1, 1977 | Eastport Savings Bank | Bangor Savings Bank |
| Apr 1, 1977 | Sunrise American National Bank of Fort Lauderdale | Gulfstream American Bank and Trust, N.A. |
| Mar 26, 1977 | Second National Bank of Richmond | Dominion Bank of Richmond, National Association |
| Mar 25, 1977 | Bank of Yakima | U.S. Bank of Washington, National Association |
| Mar 17, 1977 | First Piedmont Bank and Trust Company | First Citizens Bank and Trust Company, Inc. |
| Mar 8, 1977 | The Farmers and Traders Bank | M&I Bank Northeast |
| Mar 5, 1977 | Potomac Bank and Trust Company | Dominion Bank of Northern Virginia, National Association |
| Mar 5, 1977 | Hardwick Trust Company | Merchants Bank |
| Mar 4, 1977 | National Bank of Northampton | United Virginia Bank/Seaboard National |
| Mar 3, 1977 | Bank of Union Point | Banksouth |
| Mar 1, 1977 | The Farmers Bank of Elida | The Commercial Bank |
| Mar 1, 1977 | Farmers and Merchants Bank | (unnamed) |
| Feb 1, 1977 | Sun Second National Bank of Delray Beach | Sun Bank/Palm Beach County, National Association |
| Feb 1, 1977 | First Security State Bank of Springville | Wells Fargo Trust Company, N.A. |
| Jan 22, 1977 | Atlantic State Bank | Commerce Bank/Shore, National Association |
| Jan 17, 1977 | Pioneer State Bank | State Bank of Towner |
| Jan 3, 1977 | Landmark Bank of Clearwater, National Association | Citizens and Southern National Bank of St. Petersburg |
| Jan 3, 1977 | Landmark Bank of Tarpon Springs, National Association | Citizens and Southern National Bank of St. Petersburg |
| Jan 3, 1977 | Landmark Bank of Seminole, National Association | Citizens and Southern National Bank of St. Petersburg |
| Jan 3, 1977 | Landmark Bank at Tyrone | Citizens and Southern National Bank of St. Petersburg |
| Jan 3, 1977 | Belair National Bank | The Citizens National Bank |
| Jan 1, 1977 | The Citizens National Bank of Minneapolis | United Bank of Minneapolis |
| Jan 1, 1977 | The First National Bank of Cape May Court House | Guarantee Bank |
| Jan 1, 1977 | Barnett Bank of West Orlando | Barnett Bank of Central Florida, National Association |
| Jan 1, 1977 | Barnett Bank of Bay Harbor Islands, National Association | Barnett Bank of South Florida, National Association |
| Jan 1, 1977 | City National Bank of North Miami | City National Bank of Miami |
| Jan 1, 1977 | The Bristol Savings Bank | The Bristol Bank |
FDIC Open-Bank Assistance in 1977
| Date | Institution | Assets |
|---|---|---|
| Sep 2, 1977 | Banco Economias | $190.3M |
Browse adjacent years: 1976 · 1978
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