Data / Bank failures / 1971
US bank failures in 1971: 6 banks closed
6 banks failed in 1971, holding $196.5 million in assets and $131.7 million in deposits. The FDIC estimates the cost to its insurance fund at $0. The FDIC also assisted 1 open bank without closing it. The largest: Birmingham-Bloomfield Bank ($109.7 million), Sharpstown State Bank ($78.9 million), First Community State Bank of Savannah ($3.7 million). Most by state: MO 1, CO 1, MA 1, NE 1, IL 1.
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Every failure, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First Community State Bank of Savannah | Savannah | MO | December 30, 1971 | $3.7 million | $3.5 million | ||
| The First National Bank of Cripple Creek | Cripple Creek | CO | November 30, 1971 | $1.3 million | $1.2 million | ||
| Unity Bank & Trust Company (assistance) | Boston (roxbury) | MA | July 27, 1971 | $9.3 million | |||
| Bank of Salem | Salem | NE | April 5, 1971 | $679,000 | $606,000 | ||
| Farmers State Bank of Carlock | Carlock | IL | February 17, 1971 | $2.2 million | $2.1 million | ||
| Birmingham-Bloomfield Bank | Birmingham | MI | February 16, 1971 | $109.7 million | $57.5 million | ||
| Sharpstown State Bank | Houston | TX | January 25, 1971 | $78.9 million | $66.8 million |
Other years
- 2026 4
- 2025 2
- 2024 2
- 2023 5
- 2020 4
- 2019 4
- 2017 8
- 2016 5
- 2015 8
- 2014 18
- 2013 24
- 2012 51
- 2011 92
- 2010 157
- 2009 148
- 2008 30
- 2007 3
- 2004 4
- 2003 3
- 2002 11
- 2001 4
- 2000 7
- 1999 8
- 1998 3
- 1997 1
- 1996 6
- 1995 8
- 1994 15
- 1993 50
- 1992 181
- 1991 271
- 1990 382
- 1989 534
- 1988 470
- 1987 262
- 1986 204
- 1985 180
- 1984 106
- 1983 99
- 1982 119
- 1981 40
- 1980 22
- 1979 10
- 1978 7
- 1977 6
- 1976 17
- 1975 13
- 1974 4
- 1973 6
- 1972 2
- 1970 7
- 1969 9
- 1968 3
- 1967 4
- 1966 7
- 1965 5
- 1964 7
- 1963 2
- 1962 1
- 1961 5
- 1960 1
- 1959 3
- 1958 4
- 1957 1
- 1956 2
- 1955 5
- 1954 2
- 1953 2
- 1952 3
- 1951 2
- 1950 4
- 1949 4
- 1948 3
- 1947 5
- 1946 1
- 1945 1
- 1944 2
- 1943 5
- 1942 20
- 1941 15
- 1940 43
- 1939 60
- 1938 74
- 1937 75
- 1936 69
- 1935 25
- 1934 9
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.