FDIC failed bank list
Bank failures in 1938
74 insured banks failed in 1938, with combined assets of $13.9M. South Dakota had the most (12).
| Bank | City | Closed | Assets | Acquirer | Est. cost to FDIC |
|---|---|---|---|---|---|
| Farmers State Bank | Canton, WI | Dec 31, 1938 | $51K | 0 | — |
| The Harford Bank | Bel Air, MD | Dec 31, 1938 | $893K | 0 | — |
| Farmers State Bank of London | London, KY | Dec 21, 1938 | $355K | 0 | — |
| Boiling Springs State Bank | Boiling Springs, PA | Dec 17, 1938 | — | 0 | — |
| Coleman State Bank | Coleman, WI | Dec 14, 1938 | — | 0 | — |
| The National City Bank of Lynn | Lynn, MA | Dec 3, 1938 | — | 0 | — |
| Farmers State Bank of Anamoose | Anamoose, ND | Nov 26, 1938 | $62K | 0 | — |
| The Bank of Cuba | Cuba, AL | Nov 26, 1938 | $89K | 0 | — |
| The First National Bank of Roosevelt | Roosevelt, NY | Nov 26, 1938 | — | 0 | — |
| Bank of Bellflower | Bellflower, MO | Nov 5, 1938 | — | 0 | — |
| Fayette Bank | Fayette, MO | Nov 3, 1938 | $348K | 0 | — |
| Kermit State Bank | Kermit, WV | Nov 1, 1938 | $120K | 0 | — |
| Bank of Eton | Eton, GA | Oct 12, 1938 | — | 0 | — |
| Bank of Lockport | Lockport, KY | Oct 11, 1938 | $68K | 0 | — |
| First State Bank | Wilmot, SD | Sep 29, 1938 | $165K | 0 | — |
| Stockmens State Bank | Medora, ND | Sep 24, 1938 | $87K | 0 | — |
| The Saranac Lake National Bank | Saranac Lake, NY | Sep 24, 1938 | — | 0 | — |
| First State Bank | Hewitt, MN | Sep 2, 1938 | $135K | 0 | — |
| First Bank of Flaxton | Flaxton, ND | Aug 31, 1938 | $80K | 0 | — |
| Jerauld County Bank | Wessington Springs, SD | Aug 31, 1938 | $260K | 0 | — |
| Hitchcock State Bank | Hitchcock, SD | Aug 24, 1938 | $79K | 0 | — |
| Home Bank & Trust Company | Winchester, TN | Aug 19, 1938 | $401K | 0 | — |
| The Farmers & Merchants Bank | Madison, MO | Aug 18, 1938 | $119K | 0 | — |
| Bank of Highmore (Drew Bros.) | Highmore, SD | Aug 16, 1938 | $109K | 0 | — |
| State Bank of Rice Lake | Rice Lake, WI | Aug 15, 1938 | $946K | 0 | — |
| Winooski Savings Bank | Winooski, VT | Jul 28, 1938 | $4.0M | 0 | — |
| Hutchinson County Bank | Parkston, SD | Jul 27, 1938 | $273K | 0 | — |
| Takoma Park Bank | Takoma Park, MD | Jul 23, 1938 | — | 0 | — |
| Bethel Springs Bank | Bethel Springs, TN | Jul 22, 1938 | — | 0 | — |
| Hudson State Bank | Hudson, SD | Jul 12, 1938 | $254K | 0 | — |
| Bank of Milburn | Milburn, KY | Jul 11, 1938 | $79K | 0 | — |
| Commercial Bank of Maryland | Frederick, MD | Jul 1, 1938 | — | 0 | — |
| The Bank of Ashe | Jefferson, NC | Jun 24, 1938 | — | 0 | — |
| Central Savings Bank | Newport, KY | Jun 22, 1938 | — | 0 | — |
| Russell State Bank & Trust Company | Russell, IA | Jun 17, 1938 | $217K | 0 | — |
| Leopolis State Bank | Leopolis, WI | Jun 3, 1938 | $205K | 0 | — |
| German State Bank of Beulah | Beulah, ND | May 31, 1938 | $122K | 0 | — |
| Farmers Savings Bank | Ankeny, IA | May 19, 1938 | $186K | 0 | — |
| Citizens State Bank of Andover | Andover, SD | May 17, 1938 | $78K | 0 | — |
| Sussex State Bank | Sussex, WI | May 14, 1938 | — | 0 | — |
| State Bank of Irene | Irene, SD | Apr 25, 1938 | $176K | 0 | — |
| Caroline State Bank | Caroline, WI | Apr 20, 1938 | $168K | 0 | — |
| Bank of Humboldt | Humboldt, SD | Apr 19, 1938 | $194K | 0 | — |
| First State Bank | Turtle Lake, ND | Apr 19, 1938 | $186K | 0 | — |
| First State Bank of Ipswich | Ipswich, SD | Apr 12, 1938 | $210K | 0 | — |
| Camden Safe Deposit & Trust Company | Camden, NJ | Apr 11, 1938 | — | 0 | — |
| West Jersey Trust Company | Camden, NJ | Apr 11, 1938 | — | 0 | — |
| Bank of Ellenboro | Ellenboro, NC | Apr 9, 1938 | — | 0 | — |
| The City National Bank of Harrisburg | Harrisburg, IL | Apr 9, 1938 | — | 0 | — |
| The First State Bank | Colfax, ND | Apr 9, 1938 | $117K | 0 | — |
| Margate Trust Company | Margate City, NJ | Apr 2, 1938 | $702K | 0 | — |
| Merchants' and Mechanics' Savings Bank of Norfolk | Norfolk, VA | Mar 26, 1938 | — | 0 | — |
| The Borden State Bank | Borden, IN | Mar 18, 1938 | $165K | 0 | — |
| First State Bank | Kulm, ND | Mar 14, 1938 | $212K | 0 | — |
| Home Savings Bank | Des Moines, IA | Mar 5, 1938 | — | 0 | — |
| Bank of Northampton, Incorporated | Nassawadox, VA | Mar 3, 1938 | — | 0 | — |
| Citizens State Bank | Hartford, AR | Mar 2, 1938 | $118K | 0 | — |
| State Bank of Surprise | Surprise, NE | Feb 28, 1938 | $65K | 0 | — |
| Farmers Bank of Blackburn | Blackburn, MO | Feb 17, 1938 | $79K | 0 | — |
| The First National Bank of Purdon | Purdon, TX | Feb 12, 1938 | $63K | 0 | — |
| Bank of Strafford | Strafford, MO | Feb 10, 1938 | $136K | 0 | — |
| Peoples Bank & Trust Company | Sparta, TN | Feb 10, 1938 | — | 0 | — |
| The Briggsdale State Bank | Briggsdale, CO | Feb 10, 1938 | $14K | 0 | — |
| Bank of Marion | Marion, AR | Feb 7, 1938 | $639K | 0 | — |
| Farmers Security Bank | Maywood, NE | Feb 1, 1938 | $213K | 0 | — |
| Pollock State Bank | Pollock, SD | Feb 1, 1938 | $103K | 0 | — |
| The First State Bank of Lathrop | Lathrop, MO | Feb 1, 1938 | $163K | 0 | — |
| The Bank of Fremont | Fremont, NC | Jan 29, 1938 | — | 0 | — |
| The Trout Creek State Bank | Trout Creek, MI | Jan 28, 1938 | $46K | 0 | — |
| Belleville Bank & Trust Company | Belleville, IL | Jan 26, 1938 | — | 0 | — |
| The Woodman State Bank | Woodman, WI | Jan 22, 1938 | — | 0 | — |
| First State Bank of Wolsey | Wolsey, SD | Jan 21, 1938 | $123K | 0 | — |
| Bank of Decatur | Decatur, AR | Jan 19, 1938 | $97K | 0 | — |
| Worthville Deposit Bank | Worthville, KY | Jan 11, 1938 | $141K | 0 | — |