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 |
|---|---|---|
| May 31, 1978 | The 1635 Tremont Corporation | Bank One, Colorado, National Association |
| May 31, 1978 | Atlas Leasing Co., Inc. | Standard Financial Corporation |
| May 20, 1978 | The Hamilton Bank, National Association | The Bank of Mid-Jersey |
| May 16, 1978 | SFC Financial Corporation (Texas) | Standard Financial Corporation |
| May 15, 1978 | American Bank | Floyd County Bank |
| May 6, 1978 | The First National Bank of Orange County | Wells Fargo Bank, N.A. |
| May 5, 1978 | Trotwood Bank | The Central Trust Company of Montgomery County, National Association |
| May 1, 1978 | Landmark Bank of Melbourne, N.A. | Citizens and Southern Bank of Brevard |
| May 1, 1978 | Flagship State Bank of North Jacksonville | Flagship Bank of Jacksonville |
| May 1, 1978 | Flagship State Bank of South Jacksonville | Flagship Bank of Jacksonville |
| May 1, 1978 | Flagship State Bank of Arlington | Flagship Bank of Jacksonville |
| May 1, 1978 | Barnett Bank of East Polk County, N.A. | Barnett Bank of East Polk County |
| May 1, 1978 | Atlantic Westside Bank of Palm Beach County | Atlantic National Bank of Palm Beach County |
| May 1, 1978 | The Middle Point Banking Company | United National Bank |
| May 1, 1978 | Barnett Bank of Collier County | Barnett Bank of Naples |
| Apr 30, 1978 | (unnamed) | United Bank |
| Apr 30, 1978 | Flagship First National Bank of Coral Gables | Suntrust Bank, Miami, National Association |
| Apr 30, 1978 | Flagship National Bank of Miami | Suntrust Bank, Miami, National Association |
| Apr 29, 1978 | The Bank of Arlington | Central Fidelity Bank, Northern Virginia |
| Apr 17, 1978 | The First National Bank in Bedford | Promistar Bank |
| Apr 1, 1978 | Roanoke State Bank | First National Bank of Huntington |
| Apr 1, 1978 | Alexandria National Bank of Northern Virginia | First American Bank of Virginia |
| Apr 1, 1978 | Barnett Bank of St. Augustine, N.A. | Barnett Bank of Saint Johns County |
| Apr 1, 1978 | The First National Bank of Snow Hill | Allfirst Bank |
| Apr 1, 1978 | Clarendon Bank & Trust | First American Bank of Virginia |
| Apr 1, 1978 | The Moline State Bank | First of America Bank - Grand Rapids, National Association |
| Apr 1, 1978 | Barnett Bank of Delray Beach, N.A. | Barnett Bank of Palm Beach County |
| Mar 31, 1978 | The First National Bank of Lawton | The American National Bank and Trust Company of Michigan |
| Mar 21, 1978 | Merchants and Farmers Realty Company | Dominion Bank of Greater Hampton Roads, National Association |
| Mar 15, 1978 | Danville City Employees Credit Union | First Illinois Credit Union |
| Mar 13, 1978 | Fidelity Deposit Bank of Derry | Southwest Bank |
| Mar 13, 1978 | The First National Bank of Youngwood | Southwest Bank |
| Mar 9, 1978 | The American Bank of Commerce | First Interstate Bank of Utah, National Association |
| Mar 1, 1978 | The Gulf National Bank | The Lewis State Bank |
| Feb 28, 1978 | Commercial Security Bank of Salt Lake | KeyBank National Association |
| Feb 25, 1978 | Bank of Oglethorpe | The Bank of Macon County |
| Feb 22, 1978 | The First National Bank of West Jefferson | First National Bank of Catawba County |
| Feb 20, 1978 | Florida National Bank at Lake Shore | Florida National Bank |
| Feb 20, 1978 | Florida Northside Bank of Jacksonville | Florida National Bank |
| Feb 20, 1978 | Florida National Bank at Arlington | Florida National Bank |
| Feb 20, 1978 | Florida Dealers and Growers Bank | Florida National Bank |
| Feb 16, 1978 | Southeast Bank of Deerfield Beach | Southeast Bank |
| Feb 16, 1978 | Southeast Bank of Galt Ocean Mile | Southeast Bank |
| Feb 16, 1978 | Southeast Bank of Hollywood Hills | Southeast Bank |
| Feb 16, 1978 | Southeast Bank of Miramar | Southeast Bank |
| Feb 16, 1978 | Southeast Bank of Broward | Southeast Bank |
| Feb 7, 1978 | Southeast First National Bank of Maitland | Southeast National Bank of Orlando |
| Feb 7, 1978 | Southeast Bank of East Orange | Southeast National Bank of Orlando |
| Feb 1, 1978 | Mid-Jersey National Bank | Princeton Bank |
| Jan 31, 1978 | (unnamed) | United California Bank |
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