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Calendar Year

1938 in US Banking

74 bank events are on record for 1938: 74 failures, 0 mergers or acquisitions involving a bank, credit union or bank holding company, and 0 enforcement actions.

74
Failures
$13.9M in failed assets
0
Mergers
Federal Reserve NIC, banking organizations
0
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 1938

How many banks failed in 1938?

74 banks failed in 1938, with $13.9M in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Dec 31, 1938 The Harford Bank Bel Air, MD $893K —
Dec 31, 1938 Farmers State Bank Canton, WI $51K —
Dec 21, 1938 Farmers State Bank of London London, KY $355K —
Dec 17, 1938 Boiling Springs State Bank Boiling Springs, PA — —
Dec 14, 1938 Coleman State Bank Coleman, WI — —
Dec 3, 1938 The National City Bank of Lynn Lynn, MA — —
Nov 26, 1938 The Bank of Cuba Cuba, AL $89K —
Nov 26, 1938 Farmers State Bank of Anamoose Anamoose, ND $62K —
Nov 26, 1938 The First National Bank of Roosevelt Roosevelt, NY — —
Nov 5, 1938 Bank of Bellflower Bellflower, MO — —
Nov 3, 1938 Fayette Bank Fayette, MO $348K —
Nov 1, 1938 Kermit State Bank Kermit, WV $120K —
Oct 12, 1938 Bank of Eton Eton, GA — —
Oct 11, 1938 Bank of Lockport Lockport, KY $68K —
Sep 29, 1938 First State Bank Wilmot, SD $165K —
Sep 24, 1938 Stockmens State Bank Medora, ND $87K —
Sep 24, 1938 The Saranac Lake National Bank Saranac Lake, NY — —
Sep 2, 1938 First State Bank Hewitt, MN $135K —
Aug 31, 1938 Jerauld County Bank Wessington Springs, SD $260K —
Aug 31, 1938 First Bank of Flaxton Flaxton, ND $80K —
Aug 24, 1938 Hitchcock State Bank Hitchcock, SD $79K —
Aug 19, 1938 Home Bank & Trust Company Winchester, TN $401K —
Aug 18, 1938 The Farmers & Merchants Bank Madison, MO $119K —
Aug 16, 1938 Bank of Highmore (Drew BROS.) Highmore, SD $109K —
Aug 15, 1938 State Bank of Rice Lake Rice Lake, WI $946K —
Jul 28, 1938 Winooski Savings Bank Winooski, VT $4.0M —
Jul 27, 1938 Hutchinson County Bank Parkston, SD $273K —
Jul 23, 1938 Takoma Park Bank Takoma Park, MD — —
Jul 22, 1938 Bethel Springs Bank Bethel Springs, TN — —
Jul 12, 1938 Hudson State Bank Hudson, SD $254K —
Jul 11, 1938 Bank of Milburn Milburn, KY $79K —
Jul 1, 1938 Commercial Bank of Maryland Frederick, MD — —
Jun 24, 1938 The Bank of Ashe Jefferson, NC — —
Jun 22, 1938 Central Savings Bank Newport, KY — —
Jun 17, 1938 Russell State Bank & Trust Company Russell, IA $217K —
Jun 3, 1938 Leopolis State Bank Leopolis, WI $205K —
May 31, 1938 German State Bank of Beulah Beulah, ND $122K —
May 19, 1938 Farmers Savings Bank Ankeny, IA $186K —
May 17, 1938 Citizens State Bank of Andover Andover, SD $78K —
May 14, 1938 Sussex State Bank Sussex, WI — —
Apr 25, 1938 State Bank of Irene Irene, SD $176K —
Apr 20, 1938 Caroline State Bank Caroline, WI $168K —
Apr 19, 1938 Bank of Humboldt Humboldt, SD $194K —
Apr 19, 1938 First State Bank Turtle Lake, ND $186K —
Apr 12, 1938 First State Bank of Ipswich Ipswich, SD $210K —
Apr 11, 1938 Camden Safe Deposit & Trust Company Camden, NJ — —
Apr 11, 1938 West Jersey Trust Company Camden, NJ — —
Apr 9, 1938 The First State Bank Colfax, ND $117K —
Apr 9, 1938 The City National Bank of Harrisburg Harrisburg, IL — —
Apr 9, 1938 Bank of Ellenboro Ellenboro, NC — —

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