Bank Failure
The Bank of Leslie
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Closed September 18, 1940 · Leslie, GA .
- Closing date
- September 18, 1940
- Headquarters
- Leslie, GA
- Total assets at closing
- $141K
- Total deposits at closing
- $113K
- 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 September 18, 1940, regulators closed The Bank of Leslie, headquartered in Leslie, GA. At closing, the institution held approximately $141K in assets and $113K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3279th largest of the 3,526 bank failures in the FDIC record, and the 15th 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 The Bank of Leslie fail?
The Bank of Leslie was closed by regulators on September 18, 1940.
How big was The Bank of Leslie when it failed?
The Bank of Leslie had approximately $141K in total assets and $113K 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 14, 1940 | First Citizens Bank & Trust Co. of Utica | — |
| Aug 24, 1940 | MT. Union State Bank | — |
| Aug 3, 1940 | Badger State Bank | $74K |
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