Failed Bank List

16 failures ยท $1.0 billion in assets

Bank failures in 1976

16 insured banks failed in 1976, up from 13 in 1975. Together they reported $1.0 billion in assets, with no estimated loss recorded. The largest was The Hamilton National Bank of Chattanooga of Chattanooga, Tennessee, at $412 million. Texas led with 4 failures, ahead of New Jersey with 2. The FDIC also recorded one assistance transaction that year, kept open rather than closed, and listed separately below.

Week by week

  • $1 billion or more
  • $100 million to $1 billion
  • under $100 million
Bank failures in 1976 by week of closingThe Bank of Bloomfield, 1976-01-10Bank of Woodmoor, 1976-01-12The Hamilton National Bank of Chattanooga, 1976-02-16South Texas Bank, 1976-02-25First State Bank of Northern California, 1976-05-21Northeast Bank of Houston, 1976-06-03First State Bank of Hudson County, 1976-06-14Citizens State Bank, 1976-06-28Coronado National Bank, 1976-06-25Mt. Zion Deposit Bank, 1976-06-25American Bank & Trust Company, 1976-09-15The New Boston Bank and Trust Company, 1976-09-14The Hamilton Bank and Trust Company, 1976-10-08Centennial Bank, 1976-10-19First State Bank & Trust Co., 1976-11-19International City Bank and Trust Company, 1976-12-03JanFebMarAprMayJunJulAugSepOctNovDec
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 1976: Texas 4, New Jersey 2, Colorado 2, Tennessee 1, California 1, Kentucky 1, Massachusetts 1, New York 1, Georgia 1, Pennsylvania 1, Louisiana 1.

Explore

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

All 16 failures in 1976, in closing order
ClosedBankLocationTotal assetsEst. loss
January 10, 1976The Bank of BloomfieldBloomfield, NJ$31.7 millionnot estimated
January 12, 1976Bank of WoodmoorWoodmoor, CO$4.0 millionnot estimated
February 16, 1976The Hamilton National Bank of ChattanoogaChattanooga, TN$412 millionnot estimated
February 25, 1976South Texas BankHouston, TX$7.8 millionnot estimated
May 21, 1976First State Bank of Northern CaliforniaSan Leandro, CA$56.0 millionnot estimated
June 3, 1976Northeast Bank of HoustonHouston, TX$18.1 millionnot estimated
June 14, 1976First State Bank of Hudson CountyJersey City, NJ$14.1 millionnot estimated
June 25, 1976Coronado National BankDenver, CO$2.6 millionnot estimated
June 25, 1976Mt. Zion Deposit BankMt. Zion, KY$507 thousandnot estimated
June 28, 1976Citizens State BankCarrizo Springs, TX$17.4 millionnot estimated
September 14, 1976The New Boston Bank and Trust CompanyBoston, MA$6.7 millionnot estimated
September 15, 1976American Bank & Trust CompanyNew York, NY$225 millionnot estimated
October 8, 1976The Hamilton Bank and Trust CompanyAtlanta, GA$40.1 millionnot estimated
October 19, 1976Centennial BankPhiladelphia, PA$13.7 millionnot estimated
November 19, 1976First State Bank & Trust Co.Rio Grande City, TX$13.8 millionnot estimated
December 3, 1976International City Bank and Trust CompanyNew Orleans, LA$176 millionnot estimated

Assistance transactions in 1976

In these cases the FDIC or another insurer gave financial help to an insured institution instead of closing it outright. They are not counted as failures on this site.

1 assistance transaction in 1976
ClosedBankLocationTotal assetsEst. loss
March 15, 1976Farmers Bank of the State of DelawareWilmington, DEnot reportednot estimated