Data / Bank failures / 1978 / First Bank of Macon County
First Bank of Macon County, Notasulga, AL: failed January 26, 1978
First Bank of Macon County in Notasulga, Alabama, failed on January 26, 1978. It held $4.5 million in assets and $3.8 million in deposits at its last report. By assets it was the 6th largest of 7 banks closed or assisted in 1978.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- January 26, 1978
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $4,538,000
- Total deposits
- $3,825,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 1733
Other bank failures in Alabama, 1976 to 1980
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| East Gadsden Bank | Gadsden | December 31, 1980 | $44 million | $40.7 million | $957,432 | Central Bank of Alabama |
| Southern National Bank | Birmingham | June 14, 1979 | $32.6 million | $24 million | ||
| Watkins Banking Company | Faunsdale | July 21, 1978 | $1.7 million | $1.3 million | ||
| Wilcox County Bank | Camden | March 1, 1978 | $12.7 million | $10.6 million |
All bank failures in 1978 · All bank failures in Alabama · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.