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Calendar Year

1980 in US Banking

375 bank events are on record for 1980: 10 failures, 353 mergers or acquisitions involving a bank, credit union or bank holding company, and 0 enforcement actions.

10
Failures
$239.3M in failed assets
353
Mergers
Federal Reserve NIC, banking organizations
0
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
12
Assistance
FDIC open-bank assistance

Jump to: Bank failures 1980 · Bank mergers 1980

How many banks failed in 1980?

10 banks failed in 1980, with $239.3M in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Dec 31, 1980 East Gadsden Bank Gadsden, AL $44.0M Central Bank of Alabama
Nov 21, 1980 Citizens State BK of Galena Galena, KS $10.3M Citizens STB in Galena
Oct 11, 1980 The Rochelle BK & TR Co. Rochelle, IL $8.4M United Bank of Rochelle
Sep 12, 1980 The Metro BK of Huntington, Inc. Huntington, WV $27.0M Heritage National Bank
Aug 8, 1980 The Mission State BK & TR Co. Mission, KS $86.4M Mission Bank
Jun 28, 1980 City & County BK of Campbell CTY Jellico, TN $39.8M City&county BK Anderson
Jun 4, 1980 The Citizens State Bank Viola, KS $2.0M —
Feb 16, 1980 Mohawk BK & TR Co. Greenfield, MA $5.9M Baybank 1st Easthampton
Feb 12, 1980 First National BK of Carrington Carrington, ND $12.4M —
Jan 11, 1980 Bank of Lake Helen Lake Helen, FL $3.0M —

Which banks merged in 1980?

353 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1980.

See the fuller list: Bank mergers 1980 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 31, 1980 Heritage Savings & Loan Association PA Heritage Savings & Loan Association
Dec 31, 1980 Arlington Holding Corporation VA First American Bank of Virginia
Dec 31, 1980 Affiliated Bank Corporation WI M&I LLC
Dec 31, 1980 The Suburban Bank PA Meridian Bank
Dec 31, 1980 Pause That Refreshed Credit Union MO MainStreet Federal Credit Union
Dec 31, 1980 Huntingburg Perpetual Building and Loan Association IN Regional Bank
Dec 31, 1980 Gulfstream American Bank and Trust, N.A. FL NationsBank of Florida, National Association
Dec 31, 1980 Great Eastern Savings and Loan Association PA Bell Federal Savings and Loan Association
Dec 31, 1980 Valley Building and Loan Association of Evansburg PA Fort Pitt Federal Savings and Loan Association
Dec 31, 1980 General Mills Employees Credit Union MO Cross Roads Credit Union
Dec 31, 1980 Civic Federal Savings and Loan Association CA Southern California Savings and Loan Association, a Federal Savings and Loan Association
Dec 31, 1980 Timken Mercy Hospital Credit Union OH Golden Circle Credit Union, Inc.
Dec 31, 1980 Home Federal Savings and Loan Association of Chicago IL Lasalle Bank, F.S.B.
Dec 31, 1980 Burlington National Bank NC Central Carolina Bank and Trust Company
Dec 31, 1980 Larned Savings and Loan Association KS Western Savings Association
Dec 31, 1980 The Citizens and Southern Bank of Fulton County GA NationsBank, National Association (South)
Dec 31, 1980 Gulfstream Bank of Boynton Beach, National Association FL NationsBank of Florida, National Association
Dec 31, 1980 Citizens Savings Association MO Community Federal Savings and Loan Association
Dec 31, 1980 The Citizens and Southern Emory Bank GA NationsBank, National Association (South)
Dec 31, 1980 Northwestern Federal Savings and Loan Association DC Capital City Federal Savings and Loan Association
Dec 31, 1980 The Citizens and Southern DeKalb Bank GA NationsBank, National Association (South)
Dec 31, 1980 Weldon Savings and Loan Association NC Pioneer Savings Bank, Inc.
Dec 31, 1980 The Grange National Bank of Lycoming County at Hughesville PA Bank of Central Pennsylvania
Dec 30, 1980 Catamount Bank VT Merchants Bank
Dec 27, 1980 Rancho Santa Fe Savings and Loan Association CA Home Savings of America, FSB
Dec 26, 1980 National Bank of Defiance OH Maumee Valley National Bank
Dec 23, 1980 Flint Area Employees Credit Union MI Elga Credit Union
Dec 19, 1980 Pima County Employees Federal Credit Union AZ Pima Federal Credit Union
Dec 18, 1980 The First National Bank of Mocanaqua PA PNC Bank, Northeast PA
Dec 18, 1980 Public Employees Credit Union WA Peak Credit Union
Dec 15, 1980 Peterson/Puritan Credit Union IL First Illinois Credit Union
Dec 15, 1980 Robbins Savings and Loan Association NC First Peoples Federal Savings and Loan Association
Dec 15, 1980 Graphic Arts International 508 Credit Union OH Trupartner Credit Union, Inc.
Dec 15, 1980 The National Bank of Wareham MA First Bristol County National Bank
Dec 15, 1980 Rainy Day Permanent Savings and Loan Association MD Madison Square Federal Savings Bank
Dec 15, 1980 White Mountain Bank and Trust Company NH The Saver's Bank
Dec 15, 1980 Inko Federal Credit Union OH Trupartner Credit Union, Inc.
Dec 15, 1980 First Savings and Loan Association NC First Peoples Federal Savings and Loan Association
Dec 14, 1980 Springfield Bank OH Society Bank, National Association
Dec 13, 1980 State Savings Bank of Clinton MI Comerica Bank & Trust, N.A.
Dec 11, 1980 Lake City Realty IA Alliance Bank
Dec 11, 1980 American State Rental Corporation IA Hawkeye Bank & Trust of Mason City
Dec 8, 1980 Colonial State Bank SC NationsBank of South Carolina, National Association
Dec 6, 1980 AmeriTrust Company of Portage County OH AmeriTrust Company National Association
Dec 6, 1980 AmeriTrust Company of Cincinnati OH AmeriTrust Company National Association
Dec 6, 1980 The First National Bank of Burton OH The Huntington National Bank
Dec 6, 1980 (unnamed) — Bank of America Illinois
Dec 6, 1980 AmeriTrust Company of Medina County OH AmeriTrust Company National Association
Dec 6, 1980 Eastern Washington Bank WA Washington Trust Bank
Dec 2, 1980 Florida Bankshares, Inc. FL Flagship Banks, Inc.

FDIC Open-Bank Assistance in 1980

Date Institution HQ Assets
Nov 1, 1980 Sioux City FS&LA Sioux City, IA $25.4M
Oct 14, 1980 First of Niles FS&LA Niles, MI $131.8M
Sep 1, 1980 Security S&LA Marion, IA $54.6M
Aug 1, 1980 University FS&LA Coral Gables, FL $235.4M
Jul 1, 1980 Mayflower FS&LA Providence, RI $24.0M
Jun 4, 1980 First Calumet City Savings Berwyn, IL $102.1M
May 1, 1980 Telegraph S&LA Chicago, IL $264.5M
May 1, 1980 Continental S&LA Gloucester City, NJ $74.9M
May 1, 1980 Carlsbad S&LA Carlsbad, NM $26.7M
Apr 28, 1980 First Pennsylvania BK, N.A. Philadelphia, PA $7.95B
Mar 1, 1980 Washington FS&LA University Heights, OH $376.4M
Feb 1, 1980 First S&LA Honolulu, HI $33.2M

Browse adjacent years: 1979 · 1981

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