Data / Bank failures / 1966 / Public Bank
Public Bank, Detroit, MI: failed October 12, 1966
Public Bank in Detroit, Michigan, failed on October 12, 1966. It held $110.1 million in assets and $93 million in deposits at its last report. By assets it was the largest of 7 banks closed or assisted in 1966.
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
- October 12, 1966
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $110,077,000
- Total deposits
- $92,960,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Michigan, 1964 to 1968
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The State Savings Bank of Minden City | Minden City | March 17, 1964 | $1.3 million | $1.2 million |
All bank failures in 1966 · All bank failures in Michigan · 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.