FDIC failed bank list
Bank failures in 1948
3 insured banks failed in 1948, with combined assets of $10.4M. Texas had the most (1).
| Bank | City | Closed | Assets | Acquirer | Est. cost to FDIC |
|---|---|---|---|---|---|
| The First State Bank | Franklin, TX | Dec 18, 1948 | $694K | 0 | — |
| The American National Bank of Pryor Creek | Pryor, OK | Nov 20, 1948 | $1.8M | 0 | — |
| Columbus Trust Company | Newark, NJ | Jul 24, 1948 | $7.9M | 0 | — |