10 failures · $239 million in assets
Bank failures in 1980
Ten insured banks failed in 1980, as many as in 1979. Together they reported $239 million in assets, and the FDIC's estimated loss on them is $28.7 million. The largest was The Mission State Bank & Trust Company of Mission, Kansas, at $86.4 million. Kansas led with 3 failures, ahead of Florida with 1. The FDIC also recorded twelve assistance transactions 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
Where they failed
Failures by state in 1980: Kansas 3, Florida 1, North Dakota 1, Massachusetts 1, Tennessee 1, West Virginia 1, Illinois 1, Alabama 1.
Explore
Filter and sort the 1980 failures by state, size or loss. Other years: 1979 · 1981.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| January 11, 1980 | Bank of Lake Helen | Lake Helen, FL | $3.0 million | $88 thousand |
| February 12, 1980 | First National Bank of Carrington | Carrington, ND | $12.4 million | $221 thousand |
| February 16, 1980 | Mohawk Bank & Trust Company | Greenfield, MA | $5.9 million | $221 thousand |
| June 4, 1980 | The Citizens State Bank | Viola, KS | $2.0 million | $7 thousand |
| June 28, 1980 | City and County Bank of Campbell County | Jellico, TN | $39.8 million | $8.1 million |
| August 8, 1980 | The Mission State Bank & Trust Company | Mission, KS | $86.4 million | $15.0 million |
| September 12, 1980 | The Metro Bank of Huntington, Inc. | Huntington, WV | $27.0 million | $2.3 million |
| October 11, 1980 | The Rochelle Bank and Trust Company | Rochelle, IL | $8.4 million | $778 thousand |
| November 21, 1980 | Citizens State Bank of Galena | Galena, KS | $10.3 million | $974 thousand |
| December 31, 1980 | East Gadsden Bank | Gadsden, AL | $44.0 million | $957 thousand |
Assistance transactions in 1980
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.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| February 1, 1980 | First S&LA | Honolulu, HI | $33.2 million | $127 thousand |
| March 1, 1980 | Washington FS&LA | University Heights, OH | $376 million | not estimated |
| April 28, 1980 | First Pennsylvania Bk, N.A. | Philadelphia, PA | $8.0 billion | none |
| May 1, 1980 | Telegraph S&LA | Chicago, IL | $264 million | not estimated |
| May 1, 1980 | Continental S&LA | Gloucester City, NJ | $74.9 million | not estimated |
| May 1, 1980 | Carlsbad S&LA | Carlsbad, NM | $26.7 million | $1.5 million |
| June 4, 1980 | First Calumet City Savings | Berwyn, IL | $102 million | $14.6 million |
| July 1, 1980 | Mayflower FS&LA | Providence, RI | $24.0 million | $1.9 million |
| August 1, 1980 | University FS&LA | Coral Gables, FL | $235 million | $1.2 million |
| September 1, 1980 | Security S&LA | Marion, IA | $54.6 million | $2.0 million |
| October 14, 1980 | First of Niles FS&LA | Niles, MI | $132 million | $13.3 million |
| November 1, 1980 | Sioux City FS&LA | Sioux City, IA | $25.4 million | not estimated |