Bank failures in 1978
7 FDIC-insured institutions failed in 1978.
| Bank | Location | Date | Deposits (pre-failure) | Assets (pre-failure) |
|---|---|---|---|---|
| North Point State Bank | Arlington, Illinois | December 16, 1978 | $22M | $26M |
| Banco De Ahorro De Puerto Rico | San Juan, Puerto Rico | September 5, 1978 | $12M | $9M |
| Watkins Banking Company | Faunsdale, Alabama | July 21, 1978 | $1M | $2M |
| Banco Credito Y De Ahorro Ponceno | Ponce, Puerto Rico | March 31, 1978 | $608M | $713M |
| Wilcox County Bank | Camden, Alabama | March 1, 1978 | $11M | $13M |
| First Bank of Macon County | Notasulga, Alabama | January 26, 1978 | $4M | $5M |
| The Drovers' National Bank of Chicago | Chicago, Illinois | January 19, 1978 | $197M | $227M |
Transcribed from the FDIC BankFind Suite failures dataset. Deposit and asset figures are from the last quarterly Call Report filed before failure, not balances on the failure date.