Failed Bank List

13 failures ยท $420 million in assets

Bank failures in 1975

13 insured banks failed in 1975, up from 4 in 1974. Together they reported $420 million in assets, with no estimated loss recorded. The largest was American City Bank & Trust Company, National Association of Milwaukee, Wisconsin, at $148 million.

Week by week

  • $1 billion or more
  • $100 million to $1 billion
  • under $100 million
Bank failures in 1975 by week of closingSwope Parkway National Bank, 1975-01-03Northern Ohio Bank, 1975-02-19Franklin Bank, 1975-03-24Chicopee Bank & Trust Company, 1975-05-09Algoma Bank, 1975-05-30Bank of Picayune, 1975-06-18Bank of Chidester, 1975-07-01State Bank of Clearing, 1975-07-12American City Bank & Trust Company, National Association, 1975-10-21Astro Bank, 1975-10-16The Peoples Bank of the Virgin Islands, 1975-10-24The Peoples Bank, 1975-12-19The First State Bank of Jennings, 1975-12-27JanFebMarAprMayJunJulAugSepOctNovDec
One square per failed bank, stacked in the week it closed. 38% of these closings fell on a Friday.

Where they failed

Failures by state in 1975: Texas 2, Wisconsin 2, Missouri 1, Ohio 1, Massachusetts 1, Mississippi 1, Arkansas 1, Illinois 1, U.S. Virgin Islands 1, Arizona 1, Kansas 1.

Explore

Filter and sort the 1975 failures by state, size or loss. Other years: 1976.

All 13 failures in 1975, in closing order
ClosedBankLocationTotal assetsEst. loss
January 3, 1975Swope Parkway National BankKansas City, MO$7.6 millionnot estimated
February 19, 1975Northern Ohio BankCleveland, OH$104 millionnot estimated
March 24, 1975Franklin BankHouston, TX$20.7 millionnot estimated
May 9, 1975Chicopee Bank & Trust CompanyChicopee, MA$11.4 millionnot estimated
May 30, 1975Algoma BankAlgoma, WI$5.2 millionnot estimated
June 18, 1975Bank of PicayunePicayune, MS$18.0 millionnot estimated
July 1, 1975Bank of ChidesterChidester, AR$2.4 millionnot estimated
July 12, 1975State Bank of ClearingChicago, IL$74.4 millionnot estimated
October 16, 1975Astro BankHouston, TX$5.5 millionnot estimated
October 21, 1975American City Bank & Trust Company, National AssociationMilwaukee, WI$148 millionnot estimated
October 24, 1975The Peoples Bank of the Virgin IslandsCharlotte Amalie, VI$14.9 millionnot estimated
December 19, 1975The Peoples BankWilcox, AZ$5.7 millionnot estimated
December 27, 1975The First State Bank of JenningsJennings, KS$2.9 millionnot estimated