Bank failures in 1971

FDIC-insured banks and savings institutions recorded 6 failures in 1971, according to the FDIC.

6 FDIC-insured banks and savings institutions failed in 1971 and 1 received FDIC assistance, the FDIC records, oldest first.

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Failures and assistance transactions of FDIC-insured institutions in 1971, oldest first
Date	Institution	Where	Resolution	Assets	Estimated cost
January 25, 1971	SHARPSTOWN STATE BANK	HOUSTON, TX	FAILURE	$78.9 million	Not published by the FDIC
February 16, 1971	BIRMINGHAM-BLOOMFIELD BANK	BIRMINGHAM, MI	FAILURE	$109.7 million	Not published by the FDIC
February 17, 1971	FARMERS STATE BANK OF CARLOCK	CARLOCK, IL	FAILURE	$2.2 million	Not published by the FDIC
April 5, 1971	BANK OF SALEM	SALEM, NE	FAILURE	$679.0 thousand	Not published by the FDIC
July 27, 1971	UNITY BANK & TRUST COMPANY	BOSTON (ROXBURY), MA	ASSISTANCE	Not published by the FDIC	Not published by the FDIC
November 30, 1971	THE FIRST NATIONAL BANK OF CRIPPLE CREEK	CRIPPLE CREEK, CO	FAILURE	$1.3 million	Not published by the FDIC
December 30, 1971	FIRST COMMUNITY STATE BANK OF SAVANNAH	SAVANNAH, MO	FAILURE	$3.7 million	Not published by the FDIC

Sources

FDIC failures — every bank failure and assistance transaction since 1934 — Federal Deposit Insurance Corporation · Public domain — U.S. Government work · retrieved September 27, 2026

Compiled automatically from FDIC failures — every bank failure and assistance transaction since 1934 by a checked SQL query · Editor: Kian O'Connor · How this site is built

Data retrieved September 30, 2026