Data / Bank failures / 1980
US bank failures in 1980: 10 banks closed
10 banks failed in 1980, holding $239.3 million in assets and $219.9 million in deposits. The FDIC estimates the cost to its insurance fund at $28.7 million. The FDIC also assisted 12 open banks without closing them. The largest: The Mission State BK & TR Co. ($86.4 million), East Gadsden Bank ($44 million), City & County BK of Campbell Cty ($39.8 million). Most by state: KS 3, IL 3, IA 2, FL 2, AL 1.
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Every failure, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| East Gadsden Bank | Gadsden | AL | December 31, 1980 | $44 million | $40.7 million | $957,432 | Central Bank of Alabama |
| Citizens State BK of Galena | Galena | KS | November 21, 1980 | $10.3 million | $9.4 million | $973,774 | Citizens STB in Galena |
| Sioux City FS&LA (assistance) | Sioux City | IA | November 1, 1980 | $25.4 million | $18.1 million | United FSB of Iowa | |
| First of Niles FS&LA (assistance) | Niles | MI | October 14, 1980 | $131.8 million | $120.3 million | $13.3 million | Standard FS&LA |
| The Rochelle BK & TR Co. | Rochelle | IL | October 11, 1980 | $8.4 million | $7.6 million | $777,705 | United Bank of Rochelle |
| The Metro BK of Huntington, Inc. | Huntington | WV | September 12, 1980 | $27 million | $23.9 million | $2.3 million | Heritage National Bank |
| Security S&LA (assistance) | Marion | IA | September 1, 1980 | $54.6 million | $44.3 million | $2 million | Midland Financial S&LA |
| The Mission State BK & TR Co. | Mission | KS | August 8, 1980 | $86.4 million | $79.6 million | $15 million | Mission Bank |
| University FS&LA (assistance) | Coral Gables | FL | August 1, 1980 | $235.4 million | $175.7 million | $1.2 million | Florida FS&LA |
| Mayflower FS&LA (assistance) | Providence | RI | July 1, 1980 | $24 million | $15.8 million | $1.9 million | Old Colony Coop Bank |
| City & County BK of Campbell Cty | Jellico | TN | June 28, 1980 | $39.8 million | $36 million | $8.1 million | CITY&COUNTY BK Anderson |
| First Calumet City Savings (assistance) | Berwyn | IL | June 4, 1980 | $102.1 million | $82.4 million | $14.6 million | Household Bank FSB |
| The Citizens State Bank | Viola | KS | June 4, 1980 | $2 million | $1.7 million | $6,774 | |
| Continental S&LA (assistance) | Gloucester City | NJ | May 1, 1980 | $74.9 million | $58.5 million | Collective FS&LA | |
| Telegraph S&LA (assistance) | Chicago | IL | May 1, 1980 | $264.5 million | $218.1 million | First FS&LA of Chicago | |
| Carlsbad S&LA (assistance) | Carlsbad | NM | May 1, 1980 | $26.7 million | $20.1 million | $1.5 million | Security S&LA |
| First Pennsylvania BK, N.A. (assistance) | Philadelphia | PA | April 28, 1980 | $7.95 billion | $5.00 billion | First Pennsylvania BK, N.A. | |
| Washington FS&LA (assistance) | University Heights | OH | March 1, 1980 | $376.4 million | $176.5 million | Broadview SAVINGS&LOAN Co | |
| Mohawk BK & TR Co. | Greenfield | MA | February 16, 1980 | $5.9 million | $5.4 million | $221,423 | Baybank 1ST Easthampton |
| First National BK of Carrington | Carrington | ND | February 12, 1980 | $12.4 million | $11.2 million | $221,154 | |
| First S&LA (assistance) | Honolulu | HI | February 1, 1980 | $33.2 million | $26.1 million | $126,780 | First FS&LA of America |
| Bank of Lake Helen | Lake Helen | FL | January 11, 1980 | $3 million | $4.3 million | $87,774 |
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
- 1979 10
- 1978 7
- 1977 6
- 1976 17
- 1975 13
- 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.