FDIC failed bank list
Bank failures in 1981
40 insured banks failed in 1981, with combined assets of $17.6B and an estimated cost to the deposit insurance fund of $2.6B. New York had the most (9).
| Bank | City | Closed | Assets | Acquirer | Est. cost to FDIC |
|---|---|---|---|---|---|
| Union Dime Savings Bank | New York, NY | Dec 18, 1981 | $1.5B | The Buffalo Savings Bank | $61.5M |
| Hamiltonian Fs&la | Ladue, MO | Dec 17, 1981 | $239.5M | Home Sa of America | $1.8M |
| Security Fs&la of Sikeston | Sikeston, MO | Dec 17, 1981 | $84.5M | Home Sa of America | $795K |
| Southern Fs&la of Broward County | Pompano Beach, FL | Dec 17, 1981 | $615.4M | Home Sa of America | $5.2M |
| Boca Raton Fs&la | Boca Raton, FL | Dec 9, 1981 | $275.8M | City Fs&la | $8.8M |
| Mohawk S&la | Newark, NJ | Dec 9, 1981 | $91.1M | City Fs&la | $4.7M |
| Palos S&la | Palos Heights, IL | Dec 5, 1981 | $98.0M | Hyde Park Fs&la | — |
| Central Savings Bank | New York, NY | Dec 4, 1981 | $910.2M | Harlem Savings Bank | $32.9M |
| Empire State Fs&la | White Plains, NY | Nov 30, 1981 | $291.3M | Empire Savings Fa | $10.0M |
| Guaranty Fs&la | Baton Rouge, LA | Nov 30, 1981 | $33.5M | Pelican Fs&la | $49K |
| First Fs&la of Puerto Rico | Santurce, PR | Nov 20, 1981 | — | First FSB | — |
| Pan American, Fs&la | Rio Piedras, PR | Nov 20, 1981 | $43.9M | First FSB | — |
| First Fs&la of Broward County | Ft. Lauderdale, FL | Nov 19, 1981 | $2.6B | Glendale Fs&la | −$253K |
| Greenwich Savings Bank | New York, NY | Nov 4, 1981 | $2.5B | Metropolitan Savings Bank | $678.4M |
| Midtown National Bank | Pueblo, CO | Oct 30, 1981 | $10.6M | First Co Bank of Pueblo | $1.7M |
| High Lakes Community Bank | LA Pine, OR | Oct 23, 1981 | $3.7M | Prineville Bank | $1.2M |
| Reserve S&la | Elmhurst, IL | Oct 7, 1981 | $129.8M | Hyde Park Fs&la | — |
| Lafayette Fs&la | Warson Woods, MO | Oct 2, 1981 | $416.5M | United Postal | $799.3M |
| Southwestern Bank | Tucson, AZ | Sep 25, 1981 | $5.3M | 0 | $0 |
| Perpetual S&la | Rapid City, SD | Sep 15, 1981 | $49.7M | First Fs&la of Rapid City | $9.4M |
| First Fs&la of Rochester | Rochester, NY | Sep 8, 1981 | $1.2B | First Fs&la of Rochester | — |
| Franklin Society Fs&la | New York, NY | Sep 8, 1981 | $947.4M | First Fs&la of Rochester | $200.0M |
| Washington Fs&la | Miami Beach, FL | Sep 8, 1981 | $1.2B | Citizens Savings | $147.2M |
| West Side Fs&la | New York, NY | Sep 8, 1981 | $2.5B | Citizens Savings | $315.5M |
| County Fs&la | Rockville, MD | Aug 9, 1981 | $144.1M | Metropolitan Fs&la | $25.8M |
| First Financial Fs&la | Bellaire, TX | Jul 10, 1981 | $5.9M | South Texas Savings Assn | $1.8M |
| First Fs&la of New Bern | New Bern, NC | Jul 1, 1981 | $57.4M | Raleigh Fs&la | $3.6M |
| Community Fs&la | Washington, DC | Jun 21, 1981 | $22.9M | Independence Fs&la | $2.5M |
| Northwest Commerce Bank | North Bend, OR | Jun 19, 1981 | $6.7M | Citizens Bank of North B | $1.0M |
| Financial Security S&la | Elk Grove Village, IL | Jun 1, 1981 | $63.8M | Land of Lincoln S&la | $15.7M |
| NY & Suburban Fs&la | New York, NY | May 31, 1981 | $547.6M | Anchor Savings Bank FSB | $145.8M |
| Economy S&la | Chicago, IL | May 18, 1981 | $73.9M | 0 | $22.0M |
| Arctic Fs&la | Fairbanks, AK | May 9, 1981 | $40.5M | First Fs&la | $3.8M |
| Guardian FSB | Northport, NY | Apr 30, 1981 | $125.9M | Anchor Savings Bank FSB | $31.4M |
| Peoples Banking Company | Boston, GA | Mar 17, 1981 | $8.4M | Commercial Bank | $435K |
| South Side Bank | Chicago, IL | Mar 14, 1981 | $27.5M | Drexel National Bank | $3.5M |
| The Des Plaines Bank | Des Plaines, IL | Mar 14, 1981 | $46.5M | 0 | $1.1M |
| Franklin Sa | Chicago, IL | Feb 9, 1981 | $97.6M | Avondale FSB | $1.6M |
| Security of Statesville | Statesville, NC | Feb 9, 1981 | $15.7M | Asheville Fs&la | — |
| Home Sa | Minneapolis, MN | Jan 18, 1981 | $686.4M | First Fs&la of Minneapolis | $73.6M |