Data / Bank failures / 1978 / Watkins Banking Company
Watkins Banking Company, Faunsdale, AL: failed July 21, 1978
Watkins Banking Company in Faunsdale, Alabama, failed on July 21, 1978. It held $1.7 million in assets and $1.3 million in deposits at its last report. By assets it was the 7th largest of 7 banks closed or assisted in 1978.
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The FDIC's record
- Closed
- July 21, 1978
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $1,660,000
- Total deposits
- $1,282,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 856
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 | ||
| 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 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.