Bank failures in 1971
7 FDIC-insured institutions failed in 1971.
| Bank | Location | Date | Deposits (pre-failure) | Assets (pre-failure) |
|---|---|---|---|---|
| First Community State Bank of Savannah | Savannah, Missouri | December 30, 1971 | $3M | $4M |
| The First National Bank of Cripple Creek | Cripple Creek, Colorado | November 30, 1971 | $1M | $1M |
| Unity Bank & Trust Company | Boston (Roxbury), Massachusetts | July 27, 1971 | $9M | — |
| Bank of Salem | Salem, Nebraska | April 5, 1971 | $606K | $679K |
| Farmers State Bank of Carlock | Carlock, Illinois | February 17, 1971 | $2M | $2M |
| Birmingham-Bloomfield Bank | Birmingham, Michigan | February 16, 1971 | $58M | $110M |
| Sharpstown State Bank | Houston, Texas | January 25, 1971 | $67M | $79M |
Transcribed from the FDIC BankFind Suite failures dataset. Deposit and asset figures are from the last quarterly Call Report filed before failure, not balances on the failure date.