Data / Bank failures / 1974 / Franklin National Bank
Franklin National Bank, New York, NY: failed October 8, 1974
Franklin National Bank in New York, New York, failed on October 8, 1974. It held $3.66 billion in assets and $1.44 billion in deposits at its last report. By assets it was the largest of 4 banks closed or assisted in 1974.
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The FDIC's record
- Closed
- October 8, 1974
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $3,655,662,000
- Total deposits
- $1,444,982,000
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 7060
Other bank failures in New York, 1972 to 1976
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| American Bank & Trust Company | New York | September 15, 1976 | $224.5 million | $165.1 million |
All bank failures in 1974 · 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.