Bank Failure
St. Joseph County Savings Bank
Closed February 16, 1939 · South Bend, IN .
- Closing date
- February 16, 1939
- Headquarters
- South Bend, IN
- Total deposits at closing
- $1.6M
- Estimated loss to DIF
- Not published (the FDIC feed carries no estimate for this failure)
- Resolution
- Failure (closed by regulators)
Context
On February 16, 1939, regulators closed St. Joseph County Savings Bank, headquartered in South Bend, IN. The FDIC resolved the institution without a single-acquirer transaction.
60 institutions appear in the FDIC record for 1939. 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 St. Joseph County Savings Bank fail?
St. Joseph County Savings Bank was closed by regulators on February 16, 1939.
Other failures in 1939
| Date | Bank | Assets |
|---|---|---|
| Dec 27, 1939 | The Tuckerton Bank | $735K |
| Dec 11, 1939 | Maynardville State Bank | $218K |
| Dec 6, 1939 | The State Bank of Liebenthal | $60K |
| Dec 4, 1939 | The Yonkers National Bank & Trust Co. | — |
| Nov 25, 1939 | Commercial Bank of Liberty | $548K |
| Nov 25, 1939 | The Farmers State Bank | — |
| Oct 7, 1939 | The Egg Harbor Commercial Bank | — |
| Oct 3, 1939 | Security State Bank | $121K |
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