FDIC Records

Bank Failures in 1978

7 FDIC-insured bank failures in 1978.

Bank Name	Location	Closing Date	Acquiring Institution	Assets	Deposits
NORTH POINT STATE BANK	ARLINGTON, IL	1978-12-16	—	$26.5M	$21.9M
BANCO DE AHORRO DE PUERTO RICO	SAN JUAN, PR	1978-09-05	—	$9.4M	$11.8M
WATKINS BANKING COMPANY	FAUNSDALE, AL	1978-07-21	—	$1.7M	$1.3M
BANCO CREDITO Y DE AHORRO PONCENO	PONCE, PR	1978-03-31	—	$712.5M	$607.6M
WILCOX COUNTY BANK	CAMDEN, AL	1978-03-01	—	$12.7M	$10.6M
FIRST BANK OF MACON COUNTY	NOTASULGA, AL	1978-01-26	—	$4.5M	$3.8M
THE DROVERS' NATIONAL BANK OF CHICAGO	CHICAGO, IL	1978-01-19	—	$226.8M	$197.2M

Data Source

Data sourced from the FDIC Failed Bank List as of March 2026.