FDIC failed bank list
Bank failures in 1974
4 insured banks failed in 1974, with combined assets of $3.8B. Iowa had the most (1).
| Bank | City | Closed | Assets | Acquirer | Est. cost to FDIC |
|---|---|---|---|---|---|
| Cromwell State Savings Bank | Cromwell, IA | Oct 9, 1974 | $3.5M | 0 | — |
| Franklin National Bank | New York, NY | Oct 8, 1974 | $3.7B | 0 | — |
| Tri-City Bank | Warren, MI | Sep 27, 1974 | $16.3M | 0 | — |
| American Bank & Trust | Orangeburg, SC | Sep 20, 1974 | $147.1M | 0 | — |