7 failures · $62.1 million in assets
Bank failures in 1970
Seven insured banks failed in 1970, down from 9 in 1969. Together they reported $62.1 million in assets, with no estimated loss recorded. The largest was Eatontown National Bank of Eatontown, New Jersey, at $21.4 million.
Week by week
- $1 billion or more
- $100 million to $1 billion
- under $100 million
Where they failed
Failures by state in 1970: Kentucky 2, Iowa 1, Michigan 1, New Jersey 1, Missouri 1, Pennsylvania 1.
Explore
Filter and sort the 1970 failures by state, size or loss. Other years: 1969 · 1971.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| February 22, 1970 | State Bank of Prairie City | Prairie City, IA | $4.1 million | not estimated |
| April 18, 1970 | The Peoples State Saving Bank | Auburn, MI | $10.9 million | not estimated |
| June 25, 1970 | Farmers Bank of Petersburg | Petersburg, KY | $1.1 million | not estimated |
| August 7, 1970 | Eatontown National Bank | Eatontown, NJ | $21.4 million | not estimated |
| August 24, 1970 | First State Bank of Bonne Terre | Bonne Terre, MO | $8.0 million | not estimated |
| September 3, 1970 | City Bank of Philadelphia | Philadelphia, PA | $10.8 million | not estimated |
| October 8, 1970 | Berea Bank and Trust Company | Berea, KY | $5.9 million | not estimated |