FDIC failed bank list
Bank failures in 1980
22 insured banks failed in 1980, with combined assets of $9.5B and an estimated cost to the deposit insurance fund of $63.2M. Kansas had the most (3).
| Bank | City | Closed | Assets | Acquirer | Est. cost to FDIC |
|---|---|---|---|---|---|
| East Gadsden Bank | Gadsden, AL | Dec 31, 1980 | $44.0M | Central Bank of Alabama | $957K |
| Citizens State Bk of Galena | Galena, KS | Nov 21, 1980 | $10.3M | Citizens Stb in Galena | $974K |
| Sioux City Fs&la | Sioux City, IA | Nov 1, 1980 | $25.4M | United FSB of Iowa | — |
| First of Niles Fs&la | Niles, MI | Oct 14, 1980 | $131.8M | Standard Fs&la | $13.3M |
| The Rochelle Bk & Tr Co. | Rochelle, IL | Oct 11, 1980 | $8.4M | United Bank of Rochelle | $778K |
| The Metro Bk of Huntington, Inc. | Huntington, WV | Sep 12, 1980 | $27.0M | Heritage National Bank | $2.3M |
| Security S&la | Marion, IA | Sep 1, 1980 | $54.6M | Midland Financial S&la | $2.0M |
| The Mission State Bk & Tr Co. | Mission, KS | Aug 8, 1980 | $86.4M | Mission Bank | $15.0M |
| University Fs&la | Coral Gables, FL | Aug 1, 1980 | $235.4M | Florida Fs&la | $1.2M |
| Mayflower Fs&la | Providence, RI | Jul 1, 1980 | $24.0M | Old Colony Coop Bank | $1.9M |
| City & County Bk of Campbell Cty | Jellico, TN | Jun 28, 1980 | $39.8M | City&county Bk Anderson | $8.1M |
| First Calumet City Savings | Berwyn, IL | Jun 4, 1980 | $102.1M | Household Bank FSB | $14.6M |
| The Citizens State Bank | Viola, KS | Jun 4, 1980 | $2.0M | 0 | $7K |
| Carlsbad S&la | Carlsbad, NM | May 1, 1980 | $26.7M | Security S&la | $1.5M |
| Continental S&la | Gloucester City, NJ | May 1, 1980 | $74.9M | Collective Fs&la | — |
| Telegraph S&la | Chicago, IL | May 1, 1980 | $264.5M | First Fs&la of Chicago | — |
| First Pennsylvania Bk, N.A. | Philadelphia, PA | Apr 28, 1980 | $8.0B | First Pennsylvania Bk, N.A. | $0 |
| Washington Fs&la | University Heights, OH | Mar 1, 1980 | $376.4M | Broadview Savings&loan Co | — |
| Mohawk Bk & Tr Co. | Greenfield, MA | Feb 16, 1980 | $5.9M | Baybank 1st Easthampton | $221K |
| First National Bk of Carrington | Carrington, ND | Feb 12, 1980 | $12.4M | 0 | $221K |
| First S&la | Honolulu, HI | Feb 1, 1980 | $33.2M | First Fs&la of America | $127K |
| Bank of Lake Helen | Lake Helen, FL | Jan 11, 1980 | $3.0M | 0 | $88K |