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.

Failures

$13.9M in failed assets

Mergers

Federal Reserve NIC, banking organizations

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
Apr 2, 1938	Margate Trust Company	Margate City, NJ	$702K	—
Mar 26, 1938	Merchants' and Mechanics' Savings Bank of Norfolk	Norfolk, VA	—	—
Mar 18, 1938	The Borden State Bank	Borden, IN	$165K	—
Mar 14, 1938	First State Bank	Kulm, ND	$212K	—
Mar 5, 1938	Home Savings Bank	Des Moines, IA	—	—
Mar 3, 1938	Bank of Northampton, Incorporated	Nassawadox, VA	—	—
Mar 2, 1938	Citizens State Bank	Hartford, AR	$118K	—
Feb 28, 1938	State Bank of Surprise	Surprise, NE	$65K	—
Feb 17, 1938	Farmers Bank of Blackburn	Blackburn, MO	$79K	—
Feb 12, 1938	The First National Bank of Purdon	Purdon, TX	$63K	—
Feb 10, 1938	Bank of Strafford	Strafford, MO	$136K	—
Feb 10, 1938	The Briggsdale State Bank	Briggsdale, CO	$14K	—
Feb 10, 1938	Peoples Bank & Trust Company	Sparta, TN	—	—
Feb 7, 1938	Bank of Marion	Marion, AR	$639K	—
Feb 1, 1938	Farmers Security Bank	Maywood, NE	$213K	—
Feb 1, 1938	The First State Bank of Lathrop	Lathrop, MO	$163K	—
Feb 1, 1938	Pollock State Bank	Pollock, SD	$103K	—
Jan 29, 1938	The Bank of Fremont	Fremont, NC	—	—
Jan 28, 1938	The Trout Creek State Bank	Trout Creek, MI	$46K	—
Jan 26, 1938	Belleville Bank & Trust Company	Belleville, IL	—	—
Jan 22, 1938	The Woodman State Bank	Woodman, WI	—	—
Jan 21, 1938	First State Bank of Wolsey	Wolsey, SD	$123K	—
Jan 19, 1938	Bank of Decatur	Decatur, AR	$97K	—
Jan 11, 1938	Worthville Deposit Bank	Worthville, KY	$141K	—

Browse adjacent years: 1937 · 1939

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