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 |
|---|---|---|
| Oct 1, 1981 | Bank of Hattiesburg | Great Southern Bank |
| Oct 1, 1981 | Janesville Savings and Loan Association | AnchorBank, FSB |
| Oct 1, 1981 | Sheldon Building an Loan Association | Iroquois Federal Savings and Loan Association |
| Oct 1, 1981 | Norway National Bank | Canal National Bank |
| Oct 1, 1981 | Bond Federal Savings and Loan Association | Vermont Savings Association, Federal Association |
| Oct 1, 1981 | Fort Madison Savings and Loan Association | Capitol Federal Savings Bank |
| Oct 1, 1981 | Bank of Jackson, N.A. | Great Southern Bank |
| Oct 1, 1981 | Barnett Bank of Clearwater, N.A. | Barnett Bank of Pinellas County, National Association |
| Oct 1, 1981 | Warrenton Savings and Loan Association | Cardinal Savings Bank |
| Oct 1, 1981 | Pulaski Savings and Loan Association | Concord Liberty Federal Savings and Loan Association |
| Oct 1, 1981 | Interstate FS&LA | Southern Federal Savings Bank |
| Oct 1, 1981 | Spokane County Federal Credit Union | Canopy Federal Credit Union |
| Oct 1, 1981 | Houlton Savings Bank | Bangor Savings Bank |
| Oct 1, 1981 | First FS&LA of Henry Count | First Federal Savings and Loan Association of Russell County, F.A. |
| Oct 1, 1981 | First Federal Savings and Loan Association | First Federal Savings and Loan Association |
| Oct 1, 1981 | B C M Employees Federal Credit Union | Deseret First Federal Credit Union |
| Oct 1, 1981 | National Bank of Whittier | Southern California Bank |
| Oct 1, 1981 | Chemung Valley Federal Savings and Loan Association | Columbia Banking Federal Savings Association |
| Oct 1, 1981 | Home Federal Savings and Loan Association of East Rochester | Erie Savings Bank |
| Oct 1, 1981 | Elizabethtown Trust Company | Susquehanna Bank |
| Oct 1, 1981 | The McCall Employees Credit Union | Universal 1 Credit Union, Inc. |
| Oct 1, 1981 | Mutual Building and Loan Association | Commercial Federal Bank, a Federal Savings Bank |
| Oct 1, 1981 | Fort Pitt Federal Savings and Loan Association | First Federal Savings and Loan Association of Pittsburgh |
| Oct 1, 1981 | Sun States I B M Employees Federal Credit Union | Meriwest Credit Union |
| Oct 1, 1981 | Jefferson Savings and Loan Association | United Federal Savings Association of Iowa |
| Oct 1, 1981 | Oceanside Federal Savings and Loan Association | Pacific First Bank, a Federal Savings Bank |
| Oct 1, 1981 | Fort Hill Federal Savings and Loan Association | The First Savings Bank, FSB |
| Oct 1, 1981 | First FS&LA of Ea | Decatur Federal Savings and Loan Association |
| Oct 1, 1981 | Roseville Railways Federal Credit Union | Western Valley Federal Credit Union |
| Oct 1, 1981 | American Federal Savings & Loan Association | Community Trust Bank, FSB |
| Oct 1, 1981 | First Federal Savings and Loan Association of Carmel | San Francisco Federal Savings and Loan Association |
| Sep 30, 1981 | Arlington Hall Federal Credit Union | Commonwealth One Federal Credit Union |
| Sep 30, 1981 | Hertford County Savings and Loan Association | Pioneer Savings Bank, Inc. |
| Sep 30, 1981 | Fidelity American Leasing Corporation | Central Fidelity Bank, National Association, Lynchburg |
| Sep 30, 1981 | Central Fidelity Mortgage Company | Central Fidelity Bank, National Association, Lynchburg |
| Sep 30, 1981 | First Melville Bancorp, Inc. | Shawmut Corporation |
| Sep 30, 1981 | Public Savings and Loan Association of Chicago | Clyde Federal Savings Association |
| Sep 30, 1981 | Tuscaloosa FS&LA | Altus Federal Savings Bank |
| Sep 30, 1981 | Belgrade Building & Loan Association | Heritage Savings & Loan Association |
| Sep 30, 1981 | George W. Hyde Loan & Building Association #2 | Heritage Savings & Loan Association |
| Sep 29, 1981 | Spot Credit Union | Unity Credit Union |
| Sep 28, 1981 | Community Banking Company | (unnamed) |
| Sep 26, 1981 | Family Savings and Loan Association | Shadow Lawn Savings Bank, SLA |
| Sep 22, 1981 | C H P Employees Federal Credit Union | Cornerstone Community Financial Credit Union |
| Sep 20, 1981 | Broadview Savings and Loan Association | American Heritage Savings and Loan Association |
| Sep 18, 1981 | Girard Federal Savings and Loan Association | Charter One Bank, National Association |
| Sep 17, 1981 | A M G Federal Credit Union | Communitywide Federal Credit Union |
| Sep 17, 1981 | White Farm Employees Federal Credit Union | Communitywide Federal Credit Union |
| Sep 17, 1981 | United Credit Union | Central Illinois Credit Union |
| Sep 15, 1981 | Perpetual Savings & Loan Association | First Federal Savings Bank of South Dakota |
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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