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.
7
Failures
$994.0M in failed assets
189
Mergers
Federal Reserve NIC, banking organizations
0
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 | Assets |
|---|---|---|
| Dec 16, 1978 | North Point State Bank | $26.5M |
| Sep 5, 1978 | Banco de Ahorro De Puerto Rico | $9.4M |
| Jul 21, 1978 | Watkins Banking Company | $1.7M |
| Mar 31, 1978 | Banco Credito Y De Ahorro Ponceno | $712.5M |
| Mar 1, 1978 | Wilcox County Bank | $12.7M |
| Jan 26, 1978 | First Bank of Macon County | $4.5M |
| Jan 19, 1978 | The Drovers' National Bank of Chicago | $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 | Acquirer |
|---|---|---|
| Oct 9, 1978 | Southeast Bank of Melbourne | Southeast Bank of Brevard |
| Oct 9, 1978 | Southeast Bank of Pinellas Park | Southeast Bank of Pinellas |
| Oct 2, 1978 | Combank/Longwood | Combank/Seminole County |
| Oct 1, 1978 | Financial Service & Supply Co | Wachovia Bank, N.A. |
| Oct 1, 1978 | Fidelity American Bank, Hampton Roads | Central Fidelity National Bank |
| Oct 1, 1978 | Fidelity American Bank Na, Tidewater | Central Fidelity National Bank |
| Oct 1, 1978 | Chemical Bank - Eastern, National Association | JPMorgan Chase Bank, N.A. |
| Oct 1, 1978 | Fidelity American Bank, Williamsburg | Central Fidelity National Bank |
| Oct 1, 1978 | Chemical Bank of Syracuse | JPMorgan Chase Bank, N.A. |
| Oct 1, 1978 | Chemical Bank of Rochester | JPMorgan Chase Bank, N.A. |
| Oct 1, 1978 | Free State Bank and Trust Company | NationsBank, National Association |
| Oct 1, 1978 | Chemical Bank of Binghamton | JPMorgan Chase Bank, N.A. |
| Oct 1, 1978 | Chemical Bank-Buffalo | JPMorgan Chase Bank, N.A. |
| Sep 30, 1978 | First & Merchants National Bank of the Peninsula | First & Merchants National Bank |
| Sep 30, 1978 | Atlantic Bank of West Jacksonville | Atlantic Bank of Jacksonville |
| Sep 30, 1978 | Atlantic Bank of South Jacksonville | Atlantic Bank of Jacksonville |
| Sep 30, 1978 | Atlantic Bank of Normandy | Atlantic Bank of Jacksonville |
| Sep 30, 1978 | Atlantic Bank of Lake Forest | Atlantic Bank of Jacksonville |
| Sep 30, 1978 | First & Merchants National Bank of Tidewater | First & Merchants National Bank |
| Sep 30, 1978 | First & Merchants National Bank of Prince William | First & Merchants National Bank |
| Sep 30, 1978 | Atlantic University Bank | Atlantic Bank of Jacksonville |
| Sep 30, 1978 | The First National Bank of Hawley | Merchants Bank (North) |
| Sep 30, 1978 | The Cross Plains State Bank | People's Trust Company |
| Sep 29, 1978 | Brockway Citizens Bank | UniBank |
| Sep 29, 1978 | Kamas State Bank | The Citizens Bank |
| Sep 25, 1978 | The Connecticut Bank and Trust Company, N. A. | The Connecticut Bank and Trust Company, N.A. |
| Sep 13, 1978 | Urbana P&E Credit Union | Urbana Municipal Employees Credit Union |
| Sep 5, 1978 | Abbottstown State Bank | Farmers Bank and Trust Company of Hanover |
| Sep 1, 1978 | Virginia National Bank/Richmond | NationsBank, National Association |
| Sep 1, 1978 | First American National Bank of Hernando County | Suntrust Bank, Nature Coast |
| Sep 1, 1978 | The First National Bank of New Paris | Eaton National Bank & Trust Co. |
| Sep 1, 1978 | (unnamed) | NationsBank, National Association |
| Sep 1, 1978 | Virginia National Bank/Lynchburg | NationsBank, National Association |
| Jul 31, 1978 | Commercial Security Bank of Logan | KeyBank National Association |
| Jul 29, 1978 | Swedesboro Trust Company | Guarantee Bank |
| Jul 15, 1978 | The Rices Landing National Bank | Integra Bank/South |
| Jul 3, 1978 | The Harpster Bank | The Commercial Savings Bank |
| Jul 1, 1978 | Flagship U. S. Bank of Seminole | Flagship Bank of Seminole |
| Jul 1, 1978 | Century National Bank of Coral Ridge | Century National Bank of Broward |
| Jun 30, 1978 | Flagship Bank of West Melbourne, National Association | Flagship Bank of Melbourne, National Association |
| Jun 30, 1978 | The Bank of Chesterfield | Southern Bank |
| Jun 30, 1978 | The Pittsfield National Bank | Citizens Bank New Hampshire |
| Jun 30, 1978 | The Helper State Bank | KeyBank National Association |
| Jun 16, 1978 | Yamhill County Bank | Lincoln Bank |
| Jun 15, 1978 | First Grand Island Company | Norwest Bank Grand Island, National Association |
| Jun 1, 1978 | Citizens Bank of Hattiesburg | Trustmark Bank |
| Jun 1, 1978 | First Insurance Agency | First National Bank of DeSoto County |
| Jun 1, 1978 | York Haven State Bank | The Drovers & Mechanics Bank |
| Jun 1, 1978 | Danville Quaker Oats Employees Credit Union | First Illinois Credit Union |
| Jun 1, 1978 | American Guaranty Bank | Metropolitan Bank and Trust Company |
Browse adjacent years: 1977 · 1979
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