Bank Failure
The Brownville State Bank
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Closed May 12, 1944 ยท Brownsville, IN .
- Closing date
- May 12, 1944
- Headquarters
- Brownsville, IN
- Total assets at closing
- $447K
- Total deposits at closing
- $405K
- 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 May 12, 1944, regulators closed The Brownville State Bank, headquartered in Brownsville, IN. At closing, the institution held approximately $447K in assets and $405K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3175th largest of the 3,526 bank failures in the FDIC record, and the 2nd of 2 in 1944. 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 Brownville State Bank fail?
The Brownville State Bank was closed by regulators on May 12, 1944.
How big was The Brownville State Bank when it failed?
The Brownville State Bank had approximately $447K in total assets and $405K in deposits at the time of failure.
Other failures in 1944
| Date | Bank | Assets |
|---|---|---|
| May 27, 1944 | The First National Bank of Susquehanna | $1.7M |
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