FDIC failed bank list
Bank failures in 1940
43 insured banks failed in 1940, with combined assets of $8.0M. New York had the most (11).
| Bank | City | Closed | Assets | Acquirer | Est. cost to FDIC |
|---|---|---|---|---|---|
| The American Nat Bk of Santa Monica | Santa Monica, CA | Dec 4, 1940 | — | 0 | — |
| The State Exchange Bank | Holley, NY | Nov 23, 1940 | — | 0 | — |
| The First National Bank of Burlingame | Burlingame, KS | Nov 19, 1940 | $301K | 0 | — |
| Bank of Eagle | Eagle, WI | Oct 25, 1940 | $457K | 0 | — |
| Savings Bank of Nanticoke | Nanticoke, MD | Oct 4, 1940 | $190K | 0 | — |
| The Bank of Leslie | Leslie, GA | Sep 18, 1940 | $141K | 0 | — |
| First Citizens Bank & Trust Co. of Utica | Utica, NY | Sep 14, 1940 | — | 0 | — |
| Mt. Union State Bank | Mt. Union, IA | Aug 24, 1940 | — | 0 | — |
| Badger State Bank | Badger, SD | Aug 3, 1940 | $74K | 0 | — |
| Bank of Williamsville | Williamsville, NY | Jul 27, 1940 | — | 0 | — |
| Mount Pleasant Bank & Trust Co. | Pleasantville, NY | Jul 20, 1940 | — | 0 | — |
| The Claxton State Bank | Claxton, GA | Jul 20, 1940 | $223K | 0 | — |
| Chaseburg State Bank | Chaseburg, WI | Jul 13, 1940 | — | 0 | — |
| Kane Trust and Savings Bank | Kane, PA | Jul 2, 1940 | $915K | 0 | — |
| Waushara County Bank | Plainfield, WI | Jun 25, 1940 | — | 0 | — |
| First State Bank of Scotch Plains | Scotch Plains, NJ | Jun 22, 1940 | — | 0 | — |
| The Lucerne State Bank | Lucerne, IN | Jun 22, 1940 | $195K | 0 | — |
| The Westfield Trust Company | Westfield, NJ | Jun 22, 1940 | — | 0 | — |
| First State Bank of Stonewall | Stonewall, OK | Jun 13, 1940 | $143K | 0 | — |
| The Southampton Bank | Southampton, NY | Jun 8, 1940 | — | 0 | — |
| Mackey State Bank | Mackey, IN | May 9, 1940 | $40K | 0 | — |
| The First National Bank of Bally | Bally, PA | Apr 27, 1940 | — | 0 | — |
| The First National Bank of Harrison | Harrison, NY | Apr 20, 1940 | — | 0 | — |
| The Rye National Bank | Rye, NY | Apr 20, 1940 | — | 0 | — |
| Bank of Moreland | Moreland, KY | Apr 19, 1940 | $142K | 0 | — |
| Ashley State Bank | Ashley, ND | Apr 18, 1940 | $247K | 0 | — |
| First State Bank | Wishek, ND | Apr 18, 1940 | $136K | 0 | — |
| Bank of Reeder | Reeder, ND | Apr 17, 1940 | — | 0 | — |
| Baldwinsville State Bank | Baldwinsville, NY | Apr 6, 1940 | — | 0 | — |
| First Trust & Deposit Company | Syracuse, NY | Apr 6, 1940 | — | 0 | — |
| Blairsville Savings and Trust Company | Blairsville, PA | Apr 4, 1940 | $1.8M | 0 | — |
| The First National Bank of Wenatchee | Wenatchee, WA | Mar 26, 1940 | — | 0 | — |
| Farmers Bank | Dry Ridge, KY | Mar 23, 1940 | $363K | 0 | — |
| The Swedesboro National Bank | Swedesboro, NJ | Mar 16, 1940 | — | 0 | — |
| Eugene State Bank | Eugene, MO | Mar 13, 1940 | $128K | 0 | — |
| Hartford Savings Bank and Trust Company | White River Junction, VT | Mar 9, 1940 | — | 0 | — |
| Bank of Brocton | Brocton, NY | Feb 24, 1940 | — | 0 | — |
| The National Bank of Westfield | Westfield, NY | Feb 24, 1940 | — | 0 | — |
| Woodcliff Trust Company | North Bergen, NJ | Feb 3, 1940 | — | 0 | — |
| Bankers Trust Company | Atlantic City, NJ | Feb 1, 1940 | $2.1M | 0 | — |
| Integrity Trust Company | Philadelphia, PA | Jan 13, 1940 | — | 0 | — |
| The Citizens State Bank of Niangua | Niangua, MO | Jan 12, 1940 | $143K | 0 | — |
| Guaranty Bond State Bank | North Zulch, TX | Jan 4, 1940 | $169K | 0 | — |