Bank failures in Michigan: 37 banks since 1935

Name: Bank failures in Michigan: 37 banks since 1935
Creator: SpecStream
License: https://creativecommons.org/licenses/by/4.0/

37 banks in Michigan failed between 1935 and 2012, holding $6.79 billion in assets and $5.83 billion in deposits. The FDIC estimates the cost to its insurance fund at $1.27 billion. The FDIC also assisted 9 open banks without closing them. The largest: CF Bancorp ($1.60 billion), First FS & La ($917 million), Fidelity Bank ($818.2 million). By decade: 1930s 6, 1940s 1, 1950s 1, 1960s 3, 1970s 4, 1980s 14, 1990s 3, 2000s 6, 2010s 8.

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Bank	City	Closed	Assets	Deposits	Estimated cost	Acquirer
Fidelity Bank	Dearborn	March 30, 2012	$818.2 million	$747.6 million	$97.2 million	The Huntington National Bank
Community Central Bank	Mount Clemens	April 29, 2011	$451.7 million	$371.5 million	$98.6 million	Talmer Bank and Trust
Peoples State Bank	Hamtramck	February 11, 2011	$390.5 million	$389.9 million	$103.1 million	First Michigan Bank
Paramount Bank	Farmington Hills	December 10, 2010	$252.7 million	$213.6 million	$68.6 million	Level One Bank
Mainstreet Savings Bank, FSB	Hastings	July 16, 2010	$96.6 million	$63.3 million	$12.8 million	Commercial Bank
New Liberty Bank	Plymouth	May 14, 2010	$111.2 million	$101.9 million	$23.6 million	Bank of Ann Arbor
CF Bancorp	Port Huron	April 30, 2010	$1.60 billion	$1.42 billion	$340.6 million	First Michigan Bank
Lakeside Community Bank	Sterling Heights	April 16, 2010	$49.2 million	$48.6 million	$21 million
Citizens State Bank	New Baltimore	December 18, 2009	$168.6 million	$157.1 million	$68.2 million
Home Federal Savings Bank	Detroit	November 6, 2009	$13 million	$12.7 million	$8.6 million	Liberty Bank and Trust Company
Warren Bank	Warren	October 2, 2009	$504.8 million	$467.8 million	$217.5 million	The Huntington National Bank
Michigan Heritage Bank	Farmington Hills	April 24, 2009	$167.7 million	$149.1 million	$48.6 million	Level One Bank
Main Street Bank	Northville	October 10, 2008	$112.4 million	$98.9 million	$56.3 million	Monroe Bank & Trust
New Century Bank	Shelby Township	March 28, 2002	$21.1 million	$18.9 million	$4.4 million
Omnibank	River Rouge	April 9, 1998	$42 million	$40.5 million	$2.9 million	Shorebank, Detroit
First FS & La	Pontiac	October 16, 1991	$917 million	$558.6 million	$34.3 million
Ludington FSB	Ludington	May 17, 1991	$34.2 million	$33.7 million	$806,591	Northwestern SB&T
New Guaranty Fed. S & L Assoc.	Taylor	July 27, 1989	$212.5 million	$192.5 million	$7.9 million	National Bank of Detroit
Peoples Savings Assoc.	ST. Joseph	March 9, 1989	$107.3 million	$109.4 million	$4,851	Peoples SB
Bloomfield S&LA (assistance)	Birmingham	December 16, 1988	$688.7 million	$607.4 million	$119.6 million	First Nationwide Bank A FSB
First Dearborn (assistance)	Dearborn	December 16, 1988	$167.3 million	$230.5 million	$78.7 million	First Nationwide Bank A FSB
Muskegon FS&LA (assistance)	Muskegon	June 2, 1988	$204.6 million	$196 million	$2 million	Muskegon FS&LA
The First State Bank	White Cloud	February 12, 1988	$36.4 million	$37.4 million	$10.5 million	Peoples STB of ST Joseph
Family FS&LA (assistance)	Saginaw	October 31, 1986	$338.9 million	$354.9 million	$17.2 million	Heritage FSB
Usm (u.s. Mutual) S&LA	Ann Arbor	November 26, 1985	$306.1 million	$287 million	$31.1 million	Great Lakes Bancorp
National Bank and Trust Company of Travers	Traverse City	March 9, 1984	$104 million	$97.8 million	$12.2 million	NBD Northwest Bank NA
Guaranty FS&LA (assistance)	Taylor	July 22, 1983	$143.4 million	$133.5 million	$1 million	Guaranty FS&LA
Metropolitan Sa (assistance)	Farmington	February 12, 1983	$395.9 million	$254 million	$1.5 million	Empire of America, Fsa
American FS&LA (assistance)	Southfield	July 30, 1982	$841.7 million	$475.8 million	$3.1 million	Empire of America, Fsa
Community BK of Washtenaw	Ypsilantai	May 15, 1982	$19.9 million	$18.2 million	$242,786	Michigan NB Ann Arbor
First of Niles FS&LA (assistance)	Niles	October 14, 1980	$131.8 million	$120.3 million	$13.3 million	Standard FS&LA
Tri-City Bank	Warren	September 27, 1974	$16.3 million	$14.9 million
Bank of the Commonwealth (assistance)	Detroit	January 18, 1972	$1.30 billion
Birmingham-Bloomfield Bank	Birmingham	February 16, 1971	$109.7 million	$57.5 million
The Peoples State Savings Bank	Auburn	April 18, 1970	$10.9 million	$9.9 million
The Morrice State Bank	Morrice	May 6, 1969	$2.3 million	$2.2 million
Public Bank	Detroit	October 12, 1966	$110.1 million	$93 million
The State Savings Bank of Minden City	Minden City	March 17, 1964	$1.3 million	$1.2 million
The Westphalia State Bank	Westphalia	April 3, 1950	$744,000	$1.1 million
The ST. Charles State Bank	ST. Charles	December 13, 1941		$412,000
The Trout Creek State Bank	Trout Creek	January 28, 1938	$46,000	$22,000
The State Bank of Marcellus	Marcellus	June 17, 1937	$95,000	$64,000
The First National Bank & Trust Co.	Ann Arbor	February 15, 1936		$1.7 million
The Ann Arbor Savings Bank	Ann Arbor	February 15, 1936		$6.8 million
Farmers & Mechanics Bank	Ann Arbor	February 15, 1936		$3.7 million
Lennon State Bank	Lennon	November 26, 1935	$79,000	$74,000

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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.