Bank Failure
The Farmers State Bank
Closed September 15, 1939 · Cato, WI .
- Closing date
- September 15, 1939
- Headquarters
- Cato, WI
- Total assets at closing
- $97K
- Total deposits at closing
- $82K
- Estimated loss to DIF
- Not published (the FDIC feed carries no estimate for this failure)
- Resolution
- Failure (closed by regulators)
Context
On September 15, 1939, regulators closed The Farmers State Bank, headquartered in Cato, WI. At closing, the institution held approximately $97K in assets and $82K in deposits. The FDIC resolved the institution without a single-acquirer transaction.
By assets at closing this is the 3310th largest of the 3,524 bank failures in the FDIC record, and the 27th of 60 in 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 The Farmers State Bank fail?
The Farmers State Bank was closed by regulators on September 15, 1939.
How big was The Farmers State Bank when it failed?
The Farmers State Bank had approximately $97K in total assets and $82K in deposits at the time of failure.
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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