Data / Bank failures / 1976 / American Bank & Trust Company
American Bank & Trust Company, New York, NY: failed September 15, 1976
American Bank & Trust Company in New York, New York, failed on September 15, 1976. It held $224.5 million in assets and $165.1 million in deposits at its last report. By assets it was the 2nd largest of 17 banks closed or assisted in 1976.
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The FDIC's record
- Closed
- September 15, 1976
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $224,502,000
- Total deposits
- $165,079,000
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
- FDIC certificate
- 638
Other bank failures in New York, 1974 to 1978
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Franklin National Bank | New York | October 8, 1974 | $3.66 billion | $1.44 billion |
All bank failures in 1976 · All bank failures in New York · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.