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Calendar Year

1940 in US Banking

43 bank events are on record for 1940: 43 failures, 0 mergers or acquisitions involving a bank, credit union or bank holding company, and 0 enforcement actions.

43
Failures
$8.0M 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 1940

How many banks failed in 1940?

43 banks failed in 1940, with $8.0M in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Dec 4, 1940 The American Nat BK of Santa Monica Santa Monica, CA — —
Nov 23, 1940 The State Exchange Bank Holley, NY — —
Nov 19, 1940 The First National Bank of Burlingame Burlingame, KS $301K —
Oct 25, 1940 Bank of Eagle Eagle, WI $457K —
Oct 4, 1940 Savings Bank of Nanticoke Nanticoke, MD $190K —
Sep 18, 1940 The Bank of Leslie Leslie, GA $141K —
Sep 14, 1940 First Citizens Bank & Trust Co. of Utica Utica, NY — —
Aug 24, 1940 MT. Union State Bank Mt. Union, IA — —
Aug 3, 1940 Badger State Bank Badger, SD $74K —
Jul 27, 1940 Bank of Williamsville Williamsville, NY — —
Jul 20, 1940 The Claxton State Bank Claxton, GA $223K —
Jul 20, 1940 Mount Pleasant Bank & Trust Co. Pleasantville, NY — —
Jul 13, 1940 Chaseburg State Bank Chaseburg, WI — —
Jul 2, 1940 Kane Trust and Savings Bank Kane, PA $915K —
Jun 25, 1940 Waushara County Bank Plainfield, WI — —
Jun 22, 1940 The Lucerne State Bank Lucerne, IN $195K —
Jun 22, 1940 First State Bank of Scotch Plains Scotch Plains, NJ — —
Jun 22, 1940 The Westfield Trust Company Westfield, NJ — —
Jun 13, 1940 First State Bank of Stonewall Stonewall, OK $143K —
Jun 8, 1940 The Southampton Bank Southampton, NY — —
May 9, 1940 Mackey State Bank Mackey, IN $40K —
Apr 27, 1940 The First National Bank of Bally Bally, PA — —
Apr 20, 1940 The First National Bank of Harrison Harrison, NY — —
Apr 20, 1940 The Rye National Bank Rye, NY — —
Apr 19, 1940 Bank of Moreland Moreland, KY $142K —
Apr 18, 1940 Ashley State Bank Ashley, ND $247K —
Apr 18, 1940 First State Bank Wishek, ND $136K —
Apr 17, 1940 Bank of Reeder Reeder, ND — —
Apr 6, 1940 Baldwinsville State Bank Baldwinsville, NY — —
Apr 6, 1940 First Trust & Deposit Company Syracuse, NY — —
Apr 4, 1940 Blairsville Savings and Trust Company Blairsville, PA $1.8M —
Mar 26, 1940 The First National Bank of Wenatchee Wenatchee, WA — —
Mar 23, 1940 Farmers Bank DRY Ridge, KY $363K —
Mar 16, 1940 The Swedesboro National Bank Swedesboro, NJ — —
Mar 13, 1940 Eugene State Bank Eugene, MO $128K —
Mar 9, 1940 Hartford Savings Bank and Trust Company White River Junction, VT — —
Feb 24, 1940 Bank of Brocton Brocton, NY — —
Feb 24, 1940 The National Bank of Westfield Westfield, NY — —
Feb 3, 1940 Woodcliff Trust Company North Bergen, NJ — —
Feb 1, 1940 Bankers Trust Company Atlantic City, NJ $2.1M —
Jan 13, 1940 Integrity Trust Company Philadelphia, PA — —
Jan 12, 1940 The Citizens State Bank of Niangua Niangua, MO $143K —
Jan 4, 1940 Guaranty Bond State Bank North Zulch, TX $169K —

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