Bank Failure
Bank of Whitesville
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Closed October 1, 1954 · Whitesville, KY .
- Closing date
- October 1, 1954
- Headquarters
- Whitesville, KY
- Total assets at closing
- $1.0M
- Total deposits at closing
- $930K
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On October 1, 1954, regulators closed Bank of Whitesville, headquartered in Whitesville, KY. At closing, the institution held approximately $1.0M in assets and $930K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3121st largest of the 3,526 bank failures in the FDIC record, and the 1st of 2 in 1954. It falls in the period the record labels Postwar Stability (1945-1979), a period with 161 failures peaking at 16 in 1976.
Three decades of regulated calm — Reg Q ceilings, geographic branching limits, and high industry profits kept failures rare.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Bank of Whitesville fail?
Bank of Whitesville was closed by regulators on October 1, 1954.
How big was Bank of Whitesville when it failed?
Bank of Whitesville had approximately $1.0M in total assets and $930K in deposits at the time of failure.
Other failures in 1954
| Date | Bank | Assets |
|---|---|---|
| Aug 9, 1954 | Bank of Ila | $98K |
Explore: all failures · KY bank events · 1954 events · events hub