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 |
|---|---|---|
| Nov 1, 1981 | First Financial Savings and Loan Association of Greater Des Moines | First Financial Savings Bank |
| Nov 1, 1981 | First Federal Savings & Loan Association | San Antonio Savings Association, Federal Association |
| Oct 31, 1981 | Coastal Bankshares, Inc. | Synovus Financial Corp. |
| Oct 31, 1981 | Perpetual Savings and Loan Association | Homefed Bank, Federal Association |
| Oct 31, 1981 | Greyhound Employees Credit Union | Northwood Credit Union |
| Oct 31, 1981 | Home Savings Bank of Upstate New York | Home and City Savings Bank |
| Oct 30, 1981 | Raf Credit Union | Kansas Teachers Community Credit Union |
| Oct 29, 1981 | Whirlpool Fort Smith Division Federal Credit Union | United Federal Credit Union |
| Oct 28, 1981 | The Merchants National Bank of Mobile | First Alabama Bank of Mobile, National Assoication |
| Oct 28, 1981 | Universal Bleacher Company Employees Credit Union | Central Illinois Credit Union |
| Oct 27, 1981 | Merchants National Building Corporation | The Merchants National Bank of Mobile |
| Oct 26, 1981 | Security Savings and Loan Association | Security Federal Savings, Federal Savings Bank |
| Oct 26, 1981 | Landmark Savings and Loan Association | Standard Federal Bank |
| Oct 24, 1981 | Henderson City Federal Credit Union | Create Credit Union |
| Oct 22, 1981 | Lafayette Federal Savings and Loan Association | United Postal Savings Association |
| Oct 21, 1981 | Sacramento City Empl Credit Union | The Golden 1 Credit Union |
| Oct 21, 1981 | Mozart Savings Association | Parkvale Savings Bank |
| Oct 20, 1981 | Peninsula Postal Federal Credit Union | Langley Federal Credit Union |
| Oct 16, 1981 | Presidential Co-Op | Granite Co-Operative Bank |
| Oct 15, 1981 | Pan American Savings and Loan Association | Pan American Federal Savings Bank |
| Oct 13, 1981 | Poser Empl Fcu | Alabama Central Credit Union |
| Oct 10, 1981 | BayBank Winchester Trust Company | BayBank, National Association |
| Oct 10, 1981 | Baybank Middlesex | BayBank, National Association |
| Oct 7, 1981 | Vamc Dallas Cu | Texas Federal Credit Union |
| Oct 7, 1981 | Reserve Savings and Loan Association | Hyde Park Federal Savings and Loan Association of Chicago |
| Oct 5, 1981 | Bancroft Martin Employees Federal Credit Union | Town & Country Federal Credit Union |
| Oct 5, 1981 | Independence National Bank | Truist Bank |
| Oct 1, 1981 | The Burlington County National Bank | Midlantic National Bank/South |
| Oct 1, 1981 | Community Bank of Pinellas | Southeast Bank, N.A. |
| Oct 1, 1981 | Carolina Federal Savings and Loan Association | First Federal Savings Bank |
| Oct 1, 1981 | Lincoln Roberts Dairy and Milk Haulers Employees Credit Union | First Nebraska Credit Union |
| Oct 1, 1981 | Geneva Savings and Loan Association | Regency Savings Bank, A FSB |
| Oct 1, 1981 | Home Savings and Loan Association | Citizens Federal Bank, F.S.B., a Federal Savings Bank |
| Oct 1, 1981 | Salem Building and Loan Association | Home Federal Savings and Loan Association |
| Oct 1, 1981 | Bay Federal Savings and Loan Association | TCF National Bank Wisconsin |
| Oct 1, 1981 | Naperville Federal Savings and Loan Association | Regency Savings Bank, A FSB |
| Oct 1, 1981 | Hickman Federal Savings and Loan Association | First Federal Savings and Loan Association |
| Oct 1, 1981 | First Federal Savings & Loan Association | Olney Sa |
| Oct 1, 1981 | Naval Supply Center Federal Credit Union | North Island Financial Credit Union |
| Oct 1, 1981 | IBM Great Lakes Federal Credit Union | Usalliance Federal Credit Union |
| Oct 1, 1981 | Saint Jude Hospital Federal Credit Union | Health Associates Federal Credit Union |
| Oct 1, 1981 | Merchants & Planters Bank | First National Bank of Holmes County |
| Oct 1, 1981 | Kaweah Savings and Loan Association | Great American Federal Savings Association |
| Oct 1, 1981 | Pecos Savings & Loan Association | Richardson Savings & Loan Association |
| Oct 1, 1981 | American FS&LA | Fulton Federal Savings Association |
| Oct 1, 1981 | Dutel Credit Union | Iowa Community Credit Union |
| Oct 1, 1981 | Mercury Savings, a Federal Savings and Loan Association | Mercury Federal Savings and Loan Association |
| Oct 1, 1981 | Lemon Products Federal Credit Union | Sunkist Employees Federal Credit Union |
| Oct 1, 1981 | The First and Merchants National Bank of Radford | Crestar Bank |
| Oct 1, 1981 | Peoples National Bank of Groveton | Northway Bank |
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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