FDIC failed bank list
Bank failures in 1942
20 insured banks failed in 1942, with combined assets of $1.6M. Pennsylvania had the most (9).
| Bank | City | Closed | Assets | Acquirer | Est. cost to FDIC |
|---|---|---|---|---|---|
| Guarantee Tr & Safe Dep. Co.-Mt.Carmel | Mt. Carmel, PA | Nov 28, 1942 | — | 0 | — |
| The Citizens Bank of Liberty | Liberty, MO | Nov 18, 1942 | $258K | 0 | — |
| The Farmers National Bank of Selinsgrove | Selinsgrove, PA | Oct 17, 1942 | — | 0 | — |
| Farmers Bank | Lone Rock, WI | Oct 2, 1942 | $580K | 0 | — |
| Merchants Banking Trust Company | Mahanoy, PA | Sep 12, 1942 | — | 0 | — |
| The Harney County National Bank of Burns | Burns, OR | Aug 29, 1942 | — | 0 | — |
| Citizens Nat Bk & Tr Co. of Lehighton | Lehighton, PA | Aug 1, 1942 | — | 0 | — |
| The First National Bank of Lehighton | Lehighton, PA | Aug 1, 1942 | — | 0 | — |
| Farmer'S and Merchant'S Bank | Cochrane, WI | Jul 6, 1942 | $395K | 0 | — |
| The First Nat Bk & Tr Co. of Dallastown | Dallastown, PA | Jun 20, 1942 | — | 0 | — |
| The Emmaus National Bank | Emmaus, PA | Apr 25, 1942 | — | 0 | — |
| Bank of Malone | Malone, FL | Mar 31, 1942 | $149K | 0 | — |
| Floral Park Bank and Trust Company | Floral Park, NY | Mar 28, 1942 | — | 0 | — |
| The First National Bank of Weatherly | Weatherly, PA | Mar 14, 1942 | — | 0 | — |
| The Citizens National Bank of Freeport | Freeport, NY | Mar 7, 1942 | — | 0 | — |
| The Haddonfield National Bank | Haddonfield, NJ | Feb 28, 1942 | — | 0 | — |
| Bank of Draper | Draper, NC | Feb 6, 1942 | $129K | 0 | — |
| The Louisa National Bank | Louisa, KY | Jan 31, 1942 | — | 0 | — |
| Palisade State Bank | Palisade, MN | Jan 21, 1942 | $91K | 0 | — |
| Providence Bank | Scranton, PA | Jan 17, 1942 | — | 0 | — |