FDIC failed bank list
Bank failures in 1978
7 insured banks failed in 1978, with combined assets of $994.0M. Alabama had the most (3).
| Bank | City | Closed | Assets | Acquirer | Est. cost to FDIC |
|---|---|---|---|---|---|
| North Point State Bank | Arlington, IL | Dec 16, 1978 | $26.5M | 0 | — |
| Banco De Ahorro De Puerto Rico | San Juan, PR | Sep 5, 1978 | $9.4M | 0 | — |
| Watkins Banking Company | Faunsdale, AL | Jul 21, 1978 | $1.7M | 0 | — |
| Banco Credito Y De Ahorro Ponceno | Ponce, PR | Mar 31, 1978 | $712.5M | 0 | — |
| Wilcox County Bank | Camden, AL | Mar 1, 1978 | $12.7M | 0 | — |
| First Bank of Macon County | Notasulga, AL | Jan 26, 1978 | $4.5M | 0 | — |
| The Drovers' National Bank of Chicago | Chicago, IL | Jan 19, 1978 | $226.8M | 0 | — |