Bank Failure
The State Bank
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Closed November 16, 1934 ยท Sauk City, WI .
- Closing date
- November 16, 1934
- Headquarters
- Sauk City, WI
- Total assets at closing
- $195K
- Total deposits at closing
- $170K
- 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 November 16, 1934, regulators closed The State Bank, headquartered in Sauk City, WI. At closing, the institution held approximately $195K in assets and $170K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3243rd largest of the 3,526 bank failures in the FDIC record, and the 4th of 9 in 1934. 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 State Bank fail?
The State Bank was closed by regulators on November 16, 1934.
How big was The State Bank when it failed?
The State Bank had approximately $195K in total assets and $170K in deposits at the time of failure.
Other failures in 1934
| Date | Bank | Assets |
|---|---|---|
| Oct 13, 1934 | Pickens County Bank | $243K |
| Oct 11, 1934 | Farmers & Traders Bank | $46K |
| Sep 13, 1934 | Farmers State Bank of Bongards | $91K |
| Aug 6, 1934 | Bank of Lewisport | $81K |
| Jul 18, 1934 | Florence Deposit Bank | $105K |
| Jul 18, 1934 | First National Bank of Lima | $91K |
| May 28, 1934 | Fon Du Lac State Bank | $374K |
| Apr 19, 1934 | Bank of America Trust Co. | $1.4M |
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