Data / Bank failures / 1972 / Bank of the Commonwealth
Bank of the Commonwealth, Detroit, MI: received FDIC assistance January 18, 1972
Bank of the Commonwealth in Detroit, Michigan, received open bank assistance from the FDIC on January 18, 1972. It held $1.30 billion in assets at its last report. By assets it was the largest of 2 banks closed or assisted in 1972.
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The FDIC's record
- Closed
- January 18, 1972
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Total assets
- $1,300,000,000
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
Other bank failures in Michigan, 1970 to 1974
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Tri-City Bank | Warren | September 27, 1974 | $16.3 million | $14.9 million | ||
| Birmingham-Bloomfield Bank | Birmingham | February 16, 1971 | $109.7 million | $57.5 million | ||
| The Peoples State Savings Bank | Auburn | April 18, 1970 | $10.9 million | $9.9 million |
All bank failures in 1972 · All bank failures in Michigan · 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.