The Graveyard › Banks › 1980
East Gadsden Bank
Gadsden, AL · failed December 31, 1980 · FDIC certificate 40
East Gadsden Bank of Gadsden, AL failed on December 31, 1980. It opened on October 11, 1929, 51 years before. At its last report before that it held $44.0 million in assets and $40.7 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $957,432 on it.
Assets at the end$44.0 millionlast report before December 31, 1980
Deposits at the end$40.7 million
Estimated loss to the fund$957,432FDIC
Also ended in 1980
- First Pennsylvania Bank N.A. · Philadelphia · $8.0 billion in assets · assisted
- Washington Fs&La · University Heights · $376.4 million in assets · assisted
- Telegraph S&LA · Chicago · $264.5 million in assets · assisted
- University Fs&La · Coral Gables · $235.4 million in assets · assisted
- First of Niles Fs&La · Niles · $131.8 million in assets · assisted
- First Calumet City Savings · Berwyn · $102.1 million in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.