FDIC failed bank list
Bank failures in 1971
7 insured banks failed in 1971, with combined assets of $196.5M. Missouri had the most (1).
| Bank | City | Closed | Assets | Acquirer | Est. cost to FDIC |
|---|---|---|---|---|---|
| First Community State Bank of Savannah | Savannah, MO | Dec 30, 1971 | $3.7M | 0 | — |
| The First National Bank of Cripple Creek | Cripple Creek, CO | Nov 30, 1971 | $1.3M | 0 | — |
| Unity Bank & Trust Company | Boston (Roxbury), MA | Jul 27, 1971 | — | 0 | — |
| Bank of Salem | Salem, NE | Apr 5, 1971 | $679K | 0 | — |
| Farmers State Bank of Carlock | Carlock, IL | Feb 17, 1971 | $2.2M | 0 | — |
| Birmingham-Bloomfield Bank | Birmingham, MI | Feb 16, 1971 | $109.7M | 0 | — |
| Sharpstown State Bank | Houston, TX | Jan 25, 1971 | $78.9M | 0 | — |