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 |
|---|---|---|
| Sep 14, 1981 | Hi Flier Employees Credit Union | Land of Lincoln Credit Union |
| Sep 10, 1981 | University FS&LA | Florida Federal Savings Federal Savings Bank |
| Sep 9, 1981 | Danville Producers Dairy Credit Union | First Illinois Credit Union |
| Sep 9, 1981 | W W Young Employees Credit Union | Sherwin Williams Employees Credit Union |
| Sep 8, 1981 | Franklin Society Federal Savings and Loan Association | First Federal Savings and Loan Association of Rochester |
| Sep 8, 1981 | West Side Federal Savings and Loan Association of New York City | Granite Bank, Federal Savings Bank |
| Sep 7, 1981 | The First Trust Bank | The First National Bank of St. Joseph |
| Sep 5, 1981 | First Federal Savings and Loan Association | Heritage Federal Savings and Loan Association |
| Sep 5, 1981 | The First National Bank and Trust Company of Western Maryland | Allfirst Bank |
| Sep 4, 1981 | Chinatown Federal Savings and Loan Association | United Commercial Bank |
| Sep 4, 1981 | The Brownstown National Bank | Meridian Bank |
| Sep 4, 1981 | Washington Federal Savings and Loan Association | Granite Bank, Federal Savings Bank |
| Sep 3, 1981 | Southwest Savings and Loan Association | Abq Federal Savings Bank |
| Sep 3, 1981 | Valley Teamsters Credit Union | Solarity Credit Union |
| Sep 2, 1981 | C C H Federal Credit Union | Bar-Cons Federal Credit Union |
| Sep 1, 1981 | The Citizens Savings Bank | First State Bank |
| Sep 1, 1981 | Gulf FS&LA | Florida Federal Savings Federal Savings Bank |
| Sep 1, 1981 | United Savings and Loan Association | Beacon Federal Savings Association |
| Sep 1, 1981 | First Federal Savings and Loan Association | Firstsouth Federal Savings and Loan Association |
| Sep 1, 1981 | (unnamed) | First American Bank of Maryland |
| Sep 1, 1981 | First Federal Savings and Loan Association of San Diego | Coast Federal Savings and Loan Association |
| Sep 1, 1981 | Jackson HMSTD Assn | Pelican HMSTD & Sa |
| Sep 1, 1981 | Security Savings and Loan Association | Pacific First Bank, a Federal Savings Bank Washington |
| Sep 1, 1981 | First St S&LC | Heritage Federal Bank for Savings |
| Sep 1, 1981 | New Hope Savings & Loan Association | First Federal Savings and Loan Association of Bucks Co |
| Sep 1, 1981 | Columbus Savings and Loan Association | Citizens Federal Bank, F.S.B., a Federal Savings Bank |
| Sep 1, 1981 | State Bank and Trust Company of Lake County | National City Bank of Columbus |
| Sep 1, 1981 | First FS&LA | Home Federal Bank of Tennessee |
| Sep 1, 1981 | The Citizens Central Bank | Central Trust Company |
| Sep 1, 1981 | American Safety Savings and Loan Association, Inc. | United Savings Bank |
| Sep 1, 1981 | Enterprise Loan and Building Association | Home Federal Savings and Loan Association of Nebraska |
| Sep 1, 1981 | Alva Savings and Loan Association | State Federal Savings Association |
| Sep 1, 1981 | Fidelity Federal Savings and Loan Association | The Fifth Third Savings Bank of Western Kentucky, F.S.B. |
| Sep 1, 1981 | First Financial Savings and Loan Association | First Financial Savings Bank, Inc. |
| Sep 1, 1981 | First Federal Savings and Loan Association of Arizona | Merabank Federal Savings Bank |
| Sep 1, 1981 | Commonwealth Federal Savings and Loan Association | Superior Bank, FSB |
| Sep 1, 1981 | Whitaker St Joseph Credit Union | Goetz Credit Union |
| Sep 1, 1981 | Harpeth S&LA | Heritage Federal Bank for Savings |
| Sep 1, 1981 | Walter E Heller Factors Inc | Walter E. Heller International Corporation |
| Sep 1, 1981 | The First National of Mendocino County Building Corporation | Westamerica Bank |
| Aug 31, 1981 | Electric Steel Castings Employees Federal Credit Union | Link Federal Credit Union |
| Aug 31, 1981 | The Loramie Banking Company | Star Bank, National Association, Sidney |
| Aug 31, 1981 | (unnamed) | National Bank of Commerce of Birmingham |
| Aug 31, 1981 | Heritage FS&LA of Tifton | Decatur Federal Savings and Loan Association |
| Aug 31, 1981 | Renner Employees Federal Credit Union | Link Federal Credit Union |
| Aug 31, 1981 | State Health Employees Credit Union | Commonwealth Federal Credit Union |
| Aug 31, 1981 | Mahwah S&LA | Carteret Federal Savings Bank |
| Aug 31, 1981 | Tuscola Federal Credit Union | Team One Credit Union |
| Aug 29, 1981 | Pan America Federal Savings and Loan Association | First Federal Savings and Loan Association of Arizona |
| Aug 29, 1981 | First Stamford Bank and Trust Company | People's United Bank, National Association |
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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