Data / Bank failures / 1979 / Southern National Bank
Southern National Bank, Birmingham, AL: failed June 14, 1979
Southern National Bank in Birmingham, Alabama, failed on June 14, 1979. It held $32.6 million in assets and $24 million in deposits at its last report. By assets it was the 2nd largest of 10 banks closed or assisted in 1979.
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The FDIC's record
- Closed
- June 14, 1979
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $32,586,000
- Total deposits
- $24,032,000
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 22102
Other bank failures in Alabama, 1977 to 1981
| 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 |
| 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 | ||
| First Bank of Macon County | Notasulga | January 26, 1978 | $4.5 million | $3.8 million |
All bank failures in 1979 · All bank failures in Alabama · 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.