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 | Assets |
|---|---|---|
| Dec 31, 1980 | East Gadsden Bank | $44.0M |
| Nov 21, 1980 | Citizens State BK of Galena | $10.3M |
| Oct 11, 1980 | The Rochelle BK & TR Co. | $8.4M |
| Sep 12, 1980 | The Metro BK of Huntington, Inc. | $27.0M |
| Aug 8, 1980 | The Mission State BK & TR Co. | $86.4M |
| Jun 28, 1980 | City & County BK of Campbell CTY | $39.8M |
| Jun 4, 1980 | The Citizens State Bank | $2.0M |
| Feb 16, 1980 | Mohawk BK & TR Co. | $5.9M |
| Feb 12, 1980 | First National BK of Carrington | $12.4M |
| Jan 11, 1980 | Bank of Lake Helen | $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 | Acquirer |
|---|---|---|
| Mar 22, 1980 | First National Bank of Clermont County | KeyBank N.A. |
| Mar 22, 1980 | The South Amboy Trust Company | First National Bank of New Jersey |
| Mar 20, 1980 | Nampa Medical Federal Credit Union | Cornerstone Credit Union |
| Mar 20, 1980 | Carthage Mills Employees Credit Union | Trupartner Credit Union, Inc. |
| Mar 18, 1980 | French Bank of California | Bank of the West |
| Mar 12, 1980 | Pioneer Industrial Bank | Aetna Industrial Bank |
| Mar 12, 1980 | The Buckeye State Bank | Trustcorp Company, National Association |
| Mar 2, 1980 | Fillmore Savings and Loan Association | Goldome |
| Mar 1, 1980 | The Citizens Bank of Shelby | National City Bank of Columbus |
| Mar 1, 1980 | Hot Springs Savings and Loan Association | First Savings of Arkansas, F.A. |
| Mar 1, 1980 | Commerce B&LA | AFB&T |
| Mar 1, 1980 | Washington Federal Savings & Loan Association | Broadview Federal Savings Bank |
| Mar 1, 1980 | American Federal Savings and Loan Association | (unnamed) |
| Feb 28, 1980 | Shasta County Employees Federal Credit Union | Sierra Central Credit Union |
| Feb 16, 1980 | North County Public Employees Federal Credit Union | San Diego County Credit Union |
| Feb 11, 1980 | Equitable Federal Savings and Loan Association of New York | Home Savings of America, the Bowery Div., FSB |
| Feb 8, 1980 | Marine Corps Recruit Depot Federal Credit Union | Frontwave Credit Union |
| Feb 2, 1980 | Kennebunk Savings & Loan Association | Sun Savings & Loan Federal Association |
| Feb 1, 1980 | Ellis Bank of North Tampa | Ellis National Bank of Central Florida |
| Feb 1, 1980 | Ellis National Bank of West Hillsborough | Ellis National Bank of Central Florida |
| Feb 1, 1980 | World Savings Association | United Savings Association of Texas |
| Feb 1, 1980 | Northeast Savings & Loan Association | Citizens Savings Bank |
| Feb 1, 1980 | The State Bank of Belmont | Key Bank of Western New York National Association |
| Feb 1, 1980 | First FS&LA | Phenix FS&LA F.A. |
| Feb 1, 1980 | Home Protective Savings and Loan Association | Peoples Home Savings Bank |
| Feb 1, 1980 | Ellis National Bank of Davis Islands | Ellis National Bank of Central Florida |
| Jan 31, 1980 | Home Savings and Loan Association | Home Federal Savings & Loan Association |
| Jan 26, 1980 | Eagle Rock Bank, Inc. | First Union National Bank of Virginia |
| Jan 24, 1980 | Fort Scott Medical Credit Union | Kansas Teachers Community Credit Union |
| Jan 22, 1980 | Guardsmen Federal Credit Union | Kirtland Federal Credit Union |
| Jan 18, 1980 | Loyal American Emp Cu | Alabama Central Credit Union |
| Jan 12, 1980 | Bernards State Bank | Morris Savings Bank |
| Jan 11, 1980 | Citizens Savings and Loan Association | Continental Federal Savings and Loan Association |
| Jan 10, 1980 | Country Club Dairy Credit Union | Missouri Central Credit Union |
| Jan 9, 1980 | The Bank of Trenton | First Citizens Bank and Trust Company, Inc. |
| Jan 2, 1980 | The Broadway National Bank of Tampa | (unnamed) |
| Jan 2, 1980 | General Properties Incorporated | Citizens and Southern National Bank of St. Petersburg |
| Jan 2, 1980 | Epharta Building & Loan Association | Conestoga Savings & Loan Association |
| Jan 2, 1980 | Nazareth College of Rochester Federal Credit Union | Pittsford Federal Credit Union |
| Jan 2, 1980 | Palmbake Fcu | Alabama Central Credit Union |
| Jan 2, 1980 | Howe Richardson Scale Employees Credit Union | Heritage Family Federal Credit Union |
| Jan 2, 1980 | The First National Bank in Plant City | (unnamed) |
| Jan 1, 1980 | Beaver State Savings and Loan Association | Citizens Savings and Loan Association, a Federal Savings and Loan Association |
| Jan 1, 1980 | Fairmont Federal Savings and Loan Association | First Standard Federal Savings Association |
| Jan 1, 1980 | The Community Bank | Pacific Western Bank |
| Jan 1, 1980 | The Bank of Inverness | Deposit Guaranty National Bank |
| Jan 1, 1980 | Pencan Employees Credit Union | Fairmont Village Credit Union |
| Jan 1, 1980 | American Arlington Bank | American State Bank |
| Jan 1, 1980 | The First State Bank of Rice | Bremer Bank, National Association |
| Jan 1, 1980 | The American Bank of Central Ohio | Society Bank |
FDIC Open-Bank Assistance in 1980
| Date | Institution | Assets |
|---|---|---|
| Nov 1, 1980 | Sioux City FS&LA | $25.4M |
| Oct 14, 1980 | First of Niles FS&LA | $131.8M |
| Sep 1, 1980 | Security S&LA | $54.6M |
| Aug 1, 1980 | University FS&LA | $235.4M |
| Jul 1, 1980 | Mayflower FS&LA | $24.0M |
| Jun 4, 1980 | First Calumet City Savings | $102.1M |
| May 1, 1980 | Telegraph S&LA | $264.5M |
| May 1, 1980 | Continental S&LA | $74.9M |
| May 1, 1980 | Carlsbad S&LA | $26.7M |
| Apr 28, 1980 | First Pennsylvania BK, N.A. | $7.95B |
| Mar 1, 1980 | Washington FS&LA | $376.4M |
| Feb 1, 1980 | First S&LA | $33.2M |
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