Bank Failure
Caroline State Bank
BankRegReports is independent of Caroline State Bank and never asks for online banking logins or passwords.
Closed April 20, 1938 · Caroline, WI .
- Closing date
- April 20, 1938
- Headquarters
- Caroline, WI
- Total assets at closing
- $168K
- Total deposits at closing
- $134K
- 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 April 20, 1938, regulators closed Caroline State Bank, headquartered in Caroline, WI. At closing, the institution held approximately $168K in assets and $134K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3258th largest of the 3,526 bank failures in the FDIC record, and the 21st of 74 in 1938. It falls in the period the record labels Early FDIC Era (1934-1944), a period with 397 failures peaking at 75 in 1937.
FDIC's first decade after the 1933 Banking Act. Failures fell sharply once deposit insurance restored confidence.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Caroline State Bank fail?
Caroline State Bank was closed by regulators on April 20, 1938.
How big was Caroline State Bank when it failed?
Caroline State Bank had approximately $168K in total assets and $134K in deposits at the time of failure.
Other failures in 1938
| Date | Bank | Assets |
|---|---|---|
| Dec 31, 1938 | The Harford Bank | $893K |
| Dec 31, 1938 | Farmers State Bank | $51K |
| Dec 21, 1938 | Farmers State Bank of London | $355K |
| Dec 17, 1938 | Boiling Springs State Bank | — |
| Dec 14, 1938 | Coleman State Bank | — |
| Dec 3, 1938 | The National City Bank of Lynn | — |
| Nov 26, 1938 | The Bank of Cuba | $89K |
| Nov 26, 1938 | Farmers State Bank of Anamoose | $62K |
Explore: all failures · WI bank events · 1938 events · events hub