Calendar Year

1978 in US Banking

196 bank events are on record for 1978: 7 failures, 189 mergers or acquisitions involving a bank, credit union or bank holding company, and 0 enforcement actions.

Failures

$994.0M in failed assets

189

Mergers

Federal Reserve NIC, banking organizations

Enforcement

OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 1978 · Bank mergers 1978

How many banks failed in 1978?

7 banks failed in 1978, with $994.0M in assets. Each failure below links to its own page.

Date	Bank	HQ	Assets	Acquirer or resolution
Dec 16, 1978	North Point State Bank	Arlington, IL	$26.5M	—
Sep 5, 1978	Banco de Ahorro De Puerto Rico	San Juan, PR	$9.4M	—
Jul 21, 1978	Watkins Banking Company	Faunsdale, AL	$1.7M	—
Mar 31, 1978	Banco Credito Y De Ahorro Ponceno	Ponce, PR	$712.5M	—
Mar 1, 1978	Wilcox County Bank	Camden, AL	$12.7M	—
Jan 26, 1978	First Bank of Macon County	Notasulga, AL	$4.5M	—
Jan 19, 1978	The Drovers' National Bank of Chicago	Chicago, IL	$226.8M	—

Which banks merged in 1978?

189 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1978.

See the fuller list: Bank mergers 1978 with largest deals and credit union mergers ›

Date	Acquired	St	Acquirer
Dec 31, 1978	First American Bank of Lake Worth, National Association	FL	First American Bank and Trust
Dec 31, 1978	Farmers' Bank of Kutztown	PA	CoreStates Hamilton Bank
Dec 31, 1978	The National Bank of Arendtsville	PA	ACNB Bank
Dec 31, 1978	C.I.T. Financial Services Corporation of Puerto Rico	NY	CIT Group Inc.
Dec 31, 1978	Bank of West Jersey	NJ	Burlington County Trust Company
Dec 30, 1978	Colonial Bank of Plainville	CT	Bank of Boston Connecticut
Dec 30, 1978	Colonial Bank of New Haven	CT	Bank of Boston Connecticut
Dec 30, 1978	The National Union Bank of Monticello	NY	Key Bank of Southeastern New York National Association
Dec 30, 1978	Fidelity American Bank Na, Halifax	VA	Central Fidelity Bank, National Association, Lynchburg
Dec 30, 1978	First Virginia Bank-Manassas National	VA	First Virginia Bank
Dec 30, 1978	Colonial Bank of Hartford	CT	Bank of Boston Connecticut
Dec 30, 1978	Fidelity American Bank Na, Roanoke Valley	VA	Central Fidelity Bank, National Association, Lynchburg
Dec 30, 1978	First National Bank in Sidney	NY	NBT Bank, N.A.
Dec 29, 1978	Bank of Virginia - Petersburg	VA	Signet Bank
Dec 29, 1978	Bank of Virginia-Loudoun	VA	Signet Bank
Dec 29, 1978	The Bank of West Florida	FL	Southeast Bank of West Florida
Dec 29, 1978	Bank of Virginia-Shenandoah	VA	Signet Bank
Dec 29, 1978	Bank of Virginia-Eastern	VA	Signet Bank
Dec 29, 1978	Bank of Virginia - Potomac	VA	Signet Bank
Dec 29, 1978	Bank of Virginia-Eastern Shore	VA	Signet Bank
Dec 29, 1978	Bank of Virginia-Southwest	VA	Signet Bank
Dec 29, 1978	Bank of Virginia-Warren	VA	Signet Bank
Dec 29, 1978	Barnett Bank of Brandon, National Association	FL	Barnett Bank of Tampa
Dec 28, 1978	East Enterprise State Bank	IN	Vevay Deposit Bank
Dec 20, 1978	U.H.B. Building Corporation	CO	Affiliated National Bank - University Hills
Dec 20, 1978	Mountain Grove Bankshares, Inc.	MO	First Financial Bancshares, Inc.
Dec 19, 1978	First Security Bank	SD	Great Western Bank
Dec 18, 1978	Citizens Bank of Troy	MO	Peoples Bank & Trust Co.
Dec 11, 1978	Crater National Bank	OR	Western Bank
Dec 11, 1978	Liberty National Bank	CT	The Connecticut Bank and Trust Company, N.A.
Dec 9, 1978	First National Bank of Scottdale	PA	Integra Bank/South
Dec 1, 1978	Williamsburg National Bank	VA	Southern Bank
Dec 1, 1978	Fidelco Associates, Inc.	PA	Fidelcor, Inc.
Dec 1, 1978	Fidelcor Financial, Inc.	PA	Fidelcor, Inc.
Dec 1, 1978	The Citizens Bank	NY	Genesee Country Bank
Dec 1, 1978	Zions First National Bank of Ogden	UT	Zions Bancorporation, N.A.
Nov 30, 1978	The Exchange National Bank of Winter Haven	FL	Exchange Bank of Polk County, National Association
Nov 16, 1978	The Cumberland Bank	NC	Peoples Bank & Trust Company
Nov 13, 1978	Truckers and Savings Bank	MD	Equitable Bank, National Association
Nov 4, 1978	Rosholt Community Bank	SD	First Premier Bank
Nov 1, 1978	Bank of Brigham City	UT	Bank of Utah
Nov 1, 1978	(unnamed)	—	Bank for Savings the
Nov 1, 1978	Bank of Northern Utah	UT	Bank of Utah
Oct 31, 1978	(unnamed)	—	Cornerstone Bank
Oct 20, 1978	Humboldt National Bank	CA	(unnamed)
Oct 14, 1978	Hilton Head National Bank	SC	NationsBank of South Carolina, National Association
Oct 9, 1978	Southeast National Bank of Dunedin	FL	Southeast Bank of Pinellas
Oct 9, 1978	Southeast National Bank of Cocoa	FL	Southeast Bank of Brevard
Oct 9, 1978	Southeast National Bank of St. Petersburg	FL	Southeast Bank of Pinellas
Oct 9, 1978	Southeast First National Bank of Satellite Beach	FL	Southeast Bank of Brevard

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