Calendar Year
1981 in US Banking
743 bank events are on record for 1981: 9 failures, 703 mergers or acquisitions involving a bank, credit union or bank holding company, and 0 enforcement actions.
9
Failures
$1.38B in failed assets
703
Mergers
Federal Reserve NIC, banking organizations
0
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
31
Assistance
FDIC open-bank assistance
Jump to: Bank failures 1981 · Bank mergers 1981
How many banks failed in 1981?
9 banks failed in 1981, with $1.38B in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Oct 30, 1981 | Midtown National Bank | $10.6M |
| Oct 23, 1981 | High Lakes Community Bank | $3.7M |
| Sep 25, 1981 | Southwestern Bank | $5.3M |
| Sep 8, 1981 | First FS&LA of Rochester | $1.20B |
| Jun 19, 1981 | Northwest Commerce Bank | $6.7M |
| May 18, 1981 | Economy S&LA | $73.9M |
| Mar 17, 1981 | Peoples Banking Company | $8.4M |
| Mar 14, 1981 | The Des Plaines Bank | $46.5M |
| Mar 14, 1981 | South Side Bank | $27.5M |
Which banks merged in 1981?
703 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1981.
See the fuller list: Bank mergers 1981 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Jun 1, 1981 | Stonewall S&LA of Linden NJ | Columbia Bank |
| Jun 1, 1981 | Bank of the South | Bank South, Clayton |
| Jun 1, 1981 | First Virginia Bank - West | First Virginia Bank-Southwest |
| Jun 1, 1981 | Orange County Emplpyees Federal Credit Union | Orlando Credit Union |
| Jun 1, 1981 | Security Savings and Loan Association of Glasgow | Cardinal Federal Savings Bank |
| Jun 1, 1981 | United FS&LA of Ocala | Security First FS&LA |
| Jun 1, 1981 | The Cecil National Bank at Port Deposit | Allfirst Bank |
| Jun 1, 1981 | Northville Valve Credit Union | Orsa Credit Union |
| Jun 1, 1981 | Peoples Savings and Loan Association | Champion Federal Savings and Loan Association |
| Jun 1, 1981 | First Franklin FS&LA | Metropolitan Federal Savings and Loan Assn. F.A. |
| Jun 1, 1981 | First FS&LA | Metropolitan Federal Savings and Loan Assn. F.A. |
| Jun 1, 1981 | Melrose-Wakefield Credit Union | Metro Credit Union |
| Jun 1, 1981 | Barnett Bank of Flagler County | Barnett Bank of Volusia County |
| Jun 1, 1981 | Exchange Cattle & Farm Loan Company | Exchange Bank & Trust |
| Jun 1, 1981 | Commonwealth Bank and Trust Company | Commonwealth Bank |
| May 31, 1981 | Lakewood Savings and Loan Association | Kentwood Savings and Loan Association |
| May 31, 1981 | R O Employees Federal Credit Union | MainStreet Federal Credit Union |
| May 30, 1981 | Arlington State Bank | Magna Bank |
| May 30, 1981 | The Fellowship Bank | Princeton Bank |
| May 30, 1981 | (unnamed) | Santa Clarita National Bank |
| May 30, 1981 | Security Savings and Loan Association | American Savings and Loan Association, a Federal Savings and Loan Association |
| May 29, 1981 | First Carolina National Bank | First National Bank of South Carolina |
| May 29, 1981 | Sentry Savings and Loan Association | North Jersey Federal Savings Association |
| May 27, 1981 | The Glenbeulah State Bank | Valley Bank East |
| May 26, 1981 | Main Bank of Houston | Mbank Houston, N.A. |
| May 22, 1981 | University of Portland Employees Credit Union | Onpoint Community Credit Union |
| May 20, 1981 | City of Lorain Employee Credit Union | Lormet Community Federal Credit Union |
| May 19, 1981 | Siskiyou Central Credit Union | Siskiyou Credit Union |
| May 19, 1981 | Sampsons Federal Credit Union | Trademark Federal Credit Union |
| May 18, 1981 | Community National Bank | Society National Bank of Mid-Ohio |
| May 18, 1981 | Capitol-St George Savings and Loan Association | Carteret Federal Savings Bank |
| May 15, 1981 | The Community Bank | Peoples Bank of South Jersey |
| May 13, 1981 | Provident Savings & Loan Association | Olney Sa |
| May 10, 1981 | Lakewood Employees Federal Credit Union | Foothills Credit Union |
| May 9, 1981 | Arctic First Federal Savings and Loan Association | First Federal Bank of Alaska, S.B. |
| May 8, 1981 | Kings Daughters Federal Credit Union | Prime Care Credit Union, Incorporated |
| May 2, 1981 | Hanover Building Association | Bayvanguard Bank |
| May 1, 1981 | The Bank of Trumbull | Bank of Boston Connecticut |
| May 1, 1981 | Francis Scott Key Bank and Trust Company | Allfirst Bank |
| May 1, 1981 | United Carolina Bank, Monroe | United Carolina Bank |
| May 1, 1981 | The Faribault National Bank | First National Bank |
| May 1, 1981 | Pacific Federal Savings and Loan Association | Pacific First Bank, a Federal Savings Bank |
| May 1, 1981 | Cornelius Savings and Loan Association | Mooresville Savings Bank, SSB |
| May 1, 1981 | Bank of McComb | First Bank |
| May 1, 1981 | Spartanburg Bank and Trust Company | NCNB National Bank of South Carolina |
| May 1, 1981 | Lompoc J-M Employees Federal Credit Union | Colorado Credit Union |
| May 1, 1981 | Union County Federal Savings & Loan Association | Merchants and Mechanics Federal Savings and Loan Association |
| May 1, 1981 | Industrial Savings and Loan Association | Pioneer Savings, a Federal Association |
| May 1, 1981 | Marshall Savings and Loan Association | Pioneer Savings, a Federal Association |
| May 1, 1981 | Acme Federal Savings & Loan Association | Fifth Third Savings Bank of Northern Kentucky, F.S.B. |
The list holds 500 of the 703 mergers recorded for 1981.
FDIC Open-Bank Assistance in 1981
| Date | Institution | Assets |
|---|---|---|
| Dec 18, 1981 | Union Dime Savings Bank | $1.45B |
| Dec 17, 1981 | Southern FS&LA of Broward County | $615.4M |
| Dec 17, 1981 | Hamiltonian FS&LA | $239.5M |
| Dec 17, 1981 | Security FS&LA of Sikeston | $84.5M |
| Dec 9, 1981 | Boca Raton FS&LA | $275.8M |
| Dec 9, 1981 | Mohawk S&LA | $91.1M |
| Dec 5, 1981 | Palos S&LA | $98.0M |
| Dec 4, 1981 | Central Savings Bank | $910.2M |
| Nov 30, 1981 | Empire State FS&LA | $291.3M |
| Nov 30, 1981 | Guaranty FS&LA | $33.5M |
| Nov 20, 1981 | Pan American, FS&LA | $43.9M |
| Nov 20, 1981 | First FS&LA of Puerto Rico | — |
| Nov 19, 1981 | First FS&LA of Broward County | $2.55B |
| Nov 4, 1981 | Greenwich Savings Bank | $2.48B |
| Oct 7, 1981 | Reserve S&LA | $129.8M |
| Oct 2, 1981 | Lafayette FS&LA | $416.5M |
| Sep 15, 1981 | Perpetual S&LA | $49.7M |
| Sep 8, 1981 | West Side FS&LA | $2.50B |
| Sep 8, 1981 | Washington FS&LA | $1.20B |
| Sep 8, 1981 | Franklin Society FS&LA | $947.4M |
| Aug 9, 1981 | County FS&LA | $144.1M |
| Jul 10, 1981 | First Financial FS&LA | $5.9M |
| Jul 1, 1981 | First FS&LA of New Bern | $57.4M |
| Jun 21, 1981 | Community FS&LA | $22.9M |
| Jun 1, 1981 | Financial Security S&LA | $63.8M |
| May 31, 1981 | NY & Suburban FS&LA | $547.6M |
| May 9, 1981 | Arctic FS&LA | $40.5M |
| Apr 30, 1981 | Guardian FSB | $125.9M |
| Feb 9, 1981 | Franklin Sa | $97.6M |
| Feb 9, 1981 | Security of Statesville | $15.7M |
| Jan 18, 1981 | Home Sa | $686.4M |
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