Data / Bank failures / 1975
US bank failures in 1975: 13 banks closed
13 banks failed in 1975, holding $420 million in assets and $339.6 million in deposits. The FDIC estimates the cost to its insurance fund at $0. The largest: American City Bank & Trust Company, N.A. ($147.6 million), Northern Ohio Bank ($103.8 million), State Bank of Clearing ($74.4 million). Most by state: WI 2, TX 2, KS 1, AZ 1, VI 1.
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Every failure, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The First State Bank of Jennings | Jennings | KS | December 27, 1975 | $2.9 million | $2.6 million | ||
| The Peoples Bank | Wilcox | AZ | December 19, 1975 | $5.7 million | $5 million | ||
| The Peoples Bank of the Virgin Islands | Charlotte Amalie | VI | October 24, 1975 | $14.9 million | $14.3 million | ||
| American City Bank & Trust Company, N.A. | Milwaukee | WI | October 21, 1975 | $147.6 million | $98.3 million | ||
| Astro Bank | Houston | TX | October 16, 1975 | $5.5 million | $5.2 million | ||
| State Bank of Clearing | Chicago | IL | July 12, 1975 | $74.4 million | $60.6 million | ||
| Bank of Chidester | Chidester | AR | July 1, 1975 | $2.4 million | $2.3 million | ||
| Bank of Picayune | Picayune | MS | June 18, 1975 | $18 million | $15.4 million | ||
| Algoma Bank | Algoma | WI | May 30, 1975 | $5.2 million | $4.8 million | ||
| Chicopee Bank & Trust Company | Chicopee | MA | May 9, 1975 | $11.4 million | $9.9 million | ||
| Franklin Bank | Houston | TX | March 24, 1975 | $20.7 million | $18.2 million | ||
| Northern Ohio Bank | Cleveland | OH | February 19, 1975 | $103.8 million | $95.6 million | ||
| Swope Parkway National Bank | Kansas City | MO | January 3, 1975 | $7.6 million | $7.4 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
- 1974 4
- 1973 6
- 1972 2
- 1971 7
- 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.