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 |
|---|---|---|
| Aug 29, 1981 | Winnetka Savings and Loan Association | Citibank, Federal Savings Bank |
| Aug 27, 1981 | Tipp S E Federal Credit Union | Purdue Federal Credit Union |
| Aug 24, 1981 | GM Credit Union | Century Credit Union |
| Aug 24, 1981 | Ben-Cor Federal Credit Union | Central Willamette Credit Union |
| Aug 24, 1981 | May Company Employees Federal Credit Union | Equitable Federal Credit Union |
| Aug 24, 1981 | The Norwich State Bank and Trust Company | The Independent Bank and Trust Company |
| Aug 22, 1981 | Carbon County School Employees Federal Credit Union | Meridian Trust Federal Credit Union |
| Aug 17, 1981 | Bank of Kirkland | NorthWest Bank |
| Aug 17, 1981 | Newfield Savings & Loan Association | Security Federal Savings Bank |
| Aug 17, 1981 | Key Biscayne S&LA | American Savings of Florida, F.S.B. |
| Aug 17, 1981 | Mutual Bank for Savings | First Mutual Bank for Savings |
| Aug 15, 1981 | First FS&LA of Blount Coun | Phenix FS&LA F.A. |
| Aug 15, 1981 | Vernon National Bank | Fleet Bank, National Association |
| Aug 12, 1981 | Ouachita Federal Savigns & Loan Association | Peoples Homestead Savings Bank, FSB |
| Aug 11, 1981 | Council Bluffs Investment Company | Firstar Bank Council Bluffs |
| Aug 10, 1981 | County Federal Savings and Loan Association | Metropolitan Federal Savings and Loan Association |
| Aug 10, 1981 | Des Plaines H F H Employees Federal Credit Union | Healthcare Associates Credit Union |
| Aug 3, 1981 | Quincy-Peoples Savings and Loan Association | American Savings Bank |
| Aug 3, 1981 | Westfield Co-Operative Bank | United Bank |
| Aug 1, 1981 | Barnett Bank of Manatee County | Barnett Bank of Manatee County, National Association |
| Aug 1, 1981 | Investors FS&LA | Guaranty FS&LA |
| Aug 1, 1981 | United Michigan Corporation | United Michigan Corporation |
| Aug 1, 1981 | The Fidelity State Bank | First Bank & Trust |
| Aug 1, 1981 | Emaus Building & Loan Association | Patriot Bank |
| Aug 1, 1981 | Hvra Federal Credit Union | Hawaii Central Federal Credit Union |
| Aug 1, 1981 | Valley Federal Savings and Loan Association | Valley Federal Savings and Loan Association |
| Aug 1, 1981 | Crystal City Savings and Loan Association | Community Federal Savings and Loan Association |
| Aug 1, 1981 | The First Bank of Clayton County | Wachovia Bank of Georgia, National Association |
| Aug 1, 1981 | Milpitas Employees Federal Credit Union | Commonwealth Central Credit Union |
| Aug 1, 1981 | Security FS&LA | Home Federal Bank of Tennessee |
| Aug 1, 1981 | Union Savings Bank of New York | The Dime Savings Bank of New York, FSB |
| Aug 1, 1981 | Guada-Coma Savings & Loan Association | San Antonio Savings Association, Federal Association |
| Aug 1, 1981 | Metropolis Building Association | John Hanson Federal Savings Bank |
| Aug 1, 1981 | Seaside City Employees Federal Credit Union | Monterey Credit Union |
| Aug 1, 1981 | The Farmers Exchange Bank of Coeburn | NationsBank, National Association |
| Aug 1, 1981 | Austin Federal Savings and Loan Association | Chicago Federal Savings and Loan Association |
| Aug 1, 1981 | First FS&LA of N.A. | Sun Federal Savings and Loan Association |
| Aug 1, 1981 | Citizens Savings | American Savings Bank |
| Aug 1, 1981 | First Federal Savings & Loan Association of Allentown | Santander Bank, N.A. |
| Jul 31, 1981 | Troy FS&LA | Guaranty FS&LA |
| Jul 31, 1981 | Union Savings Bank of Manchester | Comerica Bank National Association |
| Jul 31, 1981 | General Foods-Evansville Employees Federal Credit Union | Commonwealth Credit Union |
| Jul 31, 1981 | Allied Savings and Loan Association | Hoyne Savings Bank |
| Jul 30, 1981 | Pioneer Federal Savings and Loan Association | Home Federal Savings and Loan Association of San Francisco |
| Jul 27, 1981 | I P E S Credit Union | A C M E Continental Credit Union |
| Jul 25, 1981 | Upper Avenue Bank | Lake Shore National Bank |
| Jul 22, 1981 | Circle Diamond Federal Credit Union | Superior Credit Union Inc |
| Jul 17, 1981 | (unnamed) | La Jolla Bank & Trust Company |
| Jul 17, 1981 | Mobile Housing Board Federal Credit Union | Gulf Coast Federal Credit Union |
| Jul 15, 1981 | Menlo Atherton Federal Credit Union | Monterra Credit Union |
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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