Bank Failure
Rathdrum State Bank
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Closed April 30, 1955 · Rathdrum, ID .
- Closing date
- April 30, 1955
- Headquarters
- Rathdrum, ID
- Total assets at closing
- $1.0M
- Total deposits at closing
- $909K
- 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 30, 1955, regulators closed Rathdrum State Bank, headquartered in Rathdrum, ID. At closing, the institution held approximately $1.0M in assets and $909K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3123rd largest of the 3,526 bank failures in the FDIC record, and the 4th of 5 in 1955. 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 Rathdrum State Bank fail?
Rathdrum State Bank was closed by regulators on April 30, 1955.
How big was Rathdrum State Bank when it failed?
Rathdrum State Bank had approximately $1.0M in total assets and $909K in deposits at the time of failure.
Other failures in 1955
| Date | Bank | Assets |
|---|---|---|
| Oct 3, 1955 | Frontier Trust Company | $6.0M |
| Jul 25, 1955 | Joshua Monument Nat Bank-Twentynine Palms | $3.1M |
| Apr 30, 1955 | Bank of North Idaho | $1.1M |
| Jan 27, 1955 | First National Bank of Lewisville | $721K |
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