Data / Bank failures / 1970 / City Bank of Philadelphia
City Bank of Philadelphia, Philadelphia, PA: failed September 3, 1970
City Bank of Philadelphia in Philadelphia, Pennsylvania, failed on September 3, 1970. It held $10.8 million in assets and $8.8 million in deposits at its last report. By assets it was the 3rd largest of 7 banks closed or assisted in 1970.
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The FDIC's record
- Closed
- September 3, 1970
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $10,775,000
- Total deposits
- $8,839,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 19791
All bank failures in 1970 · All bank failures in Pennsylvania · 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.