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 |
|---|---|---|
| Jul 1, 1981 | Franklin Federal Savings & Loan Association | Sun Belt Federal Savings Bank FSB |
| Jul 1, 1981 | Atlantic Bank of Largo | First Union National Bank of Florida |
| Jul 1, 1981 | (unnamed) | SMBC Manubank |
| Jul 1, 1981 | Fidelity Building and Loan Company | Ohio State Federal Savings and Loan Association |
| Jul 1, 1981 | The Delta National Bank of Yazoo City | Deposit Guaranty National Bank |
| Jul 1, 1981 | First Federal Savings and Loan Association | Economy Savings Bank, Pasa |
| Jul 1, 1981 | Pioneer Plaza Federal Credit Union | Hawaii Central Federal Credit Union |
| Jul 1, 1981 | Community Federal Savings and Loan of Washington | (unnamed) |
| Jul 1, 1981 | The National Bank of Fairfax | First & Merchants National Bank |
| Jul 1, 1981 | South Louisiana S&LA | First Financial Bank Federal Savings Bank |
| Jul 1, 1981 | Atlantic National Bank of Broward | First Union National Bank of Florida |
| Jul 1, 1981 | Atlantic Bank of Orlando | First Union National Bank of Florida |
| Jul 1, 1981 | Guaranty Federal Savings and Loan Association | Savers Savings Association, a Federal Savings and Loan Association |
| Jun 30, 1981 | Imperial Savings and Loan Association | Imperial Federal Savings Association |
| Jun 30, 1981 | City Savings and Loan Association | Augusta Federal Savings Association |
| Jun 30, 1981 | Swanton Savings and Loan Association | State Home Savings Bank, F.S.B. |
| Jun 30, 1981 | Manor Federal Savings and Loan Association | Southwest Federal Savings and Loan Association of Chicago |
| Jun 30, 1981 | First First Federal Savings and Loan Association of Springfield | Champion Federal Savings and Loan Association |
| Jun 29, 1981 | Iba Federal Credit Union | Preferred Credit Union |
| Jun 29, 1981 | Dauphin-Sands Savings & Loan Association | Chelten Hills Savings Bank |
| Jun 27, 1981 | California Coastal Bank | Heritage Bank |
| Jun 25, 1981 | Melrose Savings and Loan Association | Lasalle Bank, F.S.B. |
| Jun 25, 1981 | Barkman Chevrolet Employees Credit Union | First Illinois Credit Union |
| Jun 23, 1981 | Ryerson Haynes Employees Federal Credit Union | American 1 Credit Union |
| Jun 20, 1981 | Lawrence Brook Savings and Loan Association | Carteret Federal Savings Bank |
| Jun 20, 1981 | First National Bank of San Antonio | InterFirst Bank San Antonio, National Association |
| Jun 19, 1981 | Derry Shoe Employees Credit Union | St. Mary's Bank Credit Union |
| Jun 17, 1981 | Long State Bank | The Coastal Bank |
| Jun 16, 1981 | Farmers State Bank | M&I Bank of Shawano |
| Jun 15, 1981 | Security Savings and Loan Association | Firstsouth Federal Savings and Loan Association |
| Jun 15, 1981 | Santa Fe Printers and Publishers Credit Union | State Employees Credit Union |
| Jun 15, 1981 | R.C.E.A. Credit Union | Monterra Credit Union |
| Jun 13, 1981 | Lafayette National Bank | Indian Head Bank North |
| Jun 12, 1981 | Gentelco of Oregon Credit Union | Unitus Community Credit Union |
| Jun 12, 1981 | Lodding Employees Credit Union | Millbury Federal Credit Union |
| Jun 12, 1981 | P.P.R. Telephone Employees Federal Credit Union | Essex Division Telephone Federal Credit Union |
| Jun 10, 1981 | Melrose Credit Union | Co-Op Credit Union |
| Jun 5, 1981 | The First National Bank at Carrollton | Harter Bank and Trust Company |
| Jun 5, 1981 | Sears Detroit Employees Federal Credit Union | Zeal Credit Union |
| Jun 4, 1981 | Bagpiper Federal Credit Union | West Virginia Central Federal Credit Union |
| Jun 2, 1981 | Wells Aluminum Employees Federal Credit Union | Everwise Credit Union |
| Jun 2, 1981 | Town & County Savings and Company | Hunter Savings Association |
| Jun 1, 1981 | Columbia Federal Savings and Loan Association | Far West Federal Savings Bank |
| Jun 1, 1981 | (unnamed) | Ellis First National Bank of West Pasco |
| Jun 1, 1981 | Anchor-Standard Federal Savings and Loan Association of Indianapolis | Arsenal Savings Association, Federal Association |
| Jun 1, 1981 | Financial Security Savings and Loan Association | Land of Lincoln Savings and Loan Association |
| Jun 1, 1981 | Sangamon Home Savings Association | Security Bank, S.B. |
| Jun 1, 1981 | New York and Suburban Federal Savings and Loan Association | Anchor Savings Bank, FSB |
| Jun 1, 1981 | Eastern-Liberty Federal Savings and Loan Association | Citibank, Federal Savings Bank |
| Jun 1, 1981 | St. Louis Federal Employees Credit Union | Apex Financial 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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