Bank Failure
Eugene State Bank
BankRegReports is independent of Eugene State Bank and never asks for online banking logins or passwords.
Closed March 13, 1940 · Eugene, MO .
- Closing date
- March 13, 1940
- Headquarters
- Eugene, MO
- Total assets at closing
- $128K
- Total deposits at closing
- $106K
- 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 March 13, 1940, regulators closed Eugene State Bank, headquartered in Eugene, MO. At closing, the institution held approximately $128K in assets and $106K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3289th largest of the 3,526 bank failures in the FDIC record, and the 17th of 43 in 1940. 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 Eugene State Bank fail?
Eugene State Bank was closed by regulators on March 13, 1940.
How big was Eugene State Bank when it failed?
Eugene State Bank had approximately $128K in total assets and $106K in deposits at the time of failure.
Other failures in 1940
| Date | Bank | Assets |
|---|---|---|
| Dec 4, 1940 | The American Nat BK of Santa Monica | — |
| Nov 23, 1940 | The State Exchange Bank | — |
| Nov 19, 1940 | The First National Bank of Burlingame | $301K |
| Oct 25, 1940 | Bank of Eagle | $457K |
| Oct 4, 1940 | Savings Bank of Nanticoke | $190K |
| Sep 18, 1940 | The Bank of Leslie | $141K |
| Sep 14, 1940 | First Citizens Bank & Trust Co. of Utica | — |
| Aug 24, 1940 | MT. Union State Bank | — |
Explore: all failures · MO bank events · 1940 events · events hub