Bank Failure
The Wellsville Bank
BankRegReports is independent of The Wellsville Bank and never asks for online banking logins or passwords.
Closed September 12, 1936 · Wellsville, MO .
- Closing date
- September 12, 1936
- Headquarters
- Wellsville, MO
- Total assets at closing
- $325K
- Total deposits at closing
- $290K
- 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 12, 1936, regulators closed The Wellsville Bank, headquartered in Wellsville, MO. At closing, the institution held approximately $325K in assets and $290K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3199th largest of the 3,526 bank failures in the FDIC record, and the 11th of 69 in 1936. 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 Wellsville Bank fail?
The Wellsville Bank was closed by regulators on September 12, 1936.
How big was The Wellsville Bank when it failed?
The Wellsville Bank had approximately $325K in total assets and $290K in deposits at the time of failure.
Other failures in 1936
| Date | Bank | Assets |
|---|---|---|
| Dec 31, 1936 | Central State Bank of Sherman | $312K |
| Dec 21, 1936 | Bank of Berthold | — |
| Dec 21, 1936 | First State Bank | — |
| Dec 21, 1936 | The Cummings State Bank | — |
| Dec 21, 1936 | Reservation State Bank | — |
| Dec 21, 1936 | First State Bank of Max | — |
| Dec 21, 1936 | First State Bank of Powers Lake | — |
| Dec 19, 1936 | Northern and Dakota Trust Company | — |
Explore: all failures · MO bank events · 1936 events · events hub