Failed Bank List

10 failures · $133 million in assets

Bank failures in 1979

Ten insured banks failed in 1979, up from 7 in 1978. Together they reported $133 million in assets, with no estimated loss recorded. The largest was Fidelity Bank of Utica, Mississippi, at $32.8 million.

Week by week

  • $1 billion or more
  • $100 million to $1 billion
  • under $100 million
Bank failures in 1979 by week of closingToney Brothers Bank, 1979-01-05Village Bank, 1979-01-26Southern National Bank, 1979-06-14Bank of Enville, 1979-06-16Gateway National Bank of Chicago, 1979-07-14Guaranty Bank & Trust Company, 1979-07-14The Farmers State Bank, 1979-09-21Fidelity Bank, 1979-09-28Livingston State Bank, 1979-10-12American National Bank, 1979-10-12JanFebMarAprMayJunJulAugSepOctNovDec
One square per failed bank, stacked in the week it closed. 60% of these closings fell on a Friday.

Where they failed

Failures by state in 1979: Illinois 2, Georgia 1, Colorado 1, Alabama 1, Tennessee 1, Kansas 1, Mississippi 1, New Jersey 1, Texas 1.

Explore

Filter and sort the 1979 failures by state, size or loss. Other years: 1978 · 1980.

All 10 failures in 1979, in closing order
ClosedBankLocationTotal assetsEst. loss
January 5, 1979Toney Brothers BankDoerun, GA$5.9 millionnot estimated
January 26, 1979Village BankPueblo West, CO$5.1 millionnot estimated
June 14, 1979Southern National BankBirmingham, AL$32.6 millionnot estimated
June 16, 1979Bank of EnvilleEnville, TN$3.5 millionnot estimated
July 14, 1979Gateway National Bank of ChicagoChicago, IL$16.9 millionnot estimated
July 14, 1979Guaranty Bank & Trust CompanyChicago, IL$7.9 millionnot estimated
September 21, 1979The Farmers State BankProtection, KS$5.0 millionnot estimated
September 28, 1979Fidelity BankUtica, MS$32.8 millionnot estimated
October 12, 1979Livingston State BankLivingston, NJ$12.7 millionnot estimated
October 12, 1979American National BankHouston, TX$10.7 millionnot estimated