The Graveyard › Banks › 1974
Franklin National Bank
New York, NY · failed October 8, 1974 · FDIC certificate 7060
Franklin National Bank of New York, NY failed on October 8, 1974. It opened on October 13, 1926, 47 years before. At its last report before that it held $3.7 billion in assets and $1.4 billion in deposits. The FDIC's list gives no estimate of the loss: the FDIC says its figures are not complete for its own cases before 1986 or for FSLIC cases from 1934 to 1988.
Assets at the end$3.7 billionlast report before October 8, 1974
Deposits at the end$1.4 billion
Estimated loss to the fundnot givenFDIC
Also ended in 1974
- American Bank & Trust · Orangeburg · $147.1 million in assets
- Tri-City Bank · Warren, MI · $16.3 million in assets
- Cromwell State Savings Bank · Cromwell, IA · $3.5 million in assets
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.