Bank failures in 1938

FDIC-insured banks and savings institutions recorded 74 failures in 1938, according to the FDIC.

74 FDIC-insured banks and savings institutions failed in 1938, the FDIC records, oldest first.

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Failures and assistance transactions of FDIC-insured institutions in 1938, oldest first
Date	Institution	Where	Resolution	Assets	Estimated cost
January 11, 1938	WORTHVILLE DEPOSIT BANK	WORTHVILLE, KY	FAILURE	$141.0 thousand	Not published by the FDIC
January 19, 1938	BANK OF DECATUR	DECATUR, AR	FAILURE	$97.0 thousand	Not published by the FDIC
January 21, 1938	FIRST STATE BANK OF WOLSEY	WOLSEY, SD	FAILURE	$123.0 thousand	Not published by the FDIC
January 22, 1938	THE WOODMAN STATE BANK	WOODMAN, WI	FAILURE	Not published by the FDIC	Not published by the FDIC
January 26, 1938	BELLEVILLE BANK & TRUST COMPANY	BELLEVILLE, IL	FAILURE	Not published by the FDIC	Not published by the FDIC
January 28, 1938	THE TROUT CREEK STATE BANK	TROUT CREEK, MI	FAILURE	$46.0 thousand	Not published by the FDIC
January 29, 1938	THE BANK OF FREMONT	FREMONT, NC	FAILURE	Not published by the FDIC	Not published by the FDIC
February 1, 1938	FARMERS SECURITY BANK	MAYWOOD, NE	FAILURE	$213.0 thousand	Not published by the FDIC
February 1, 1938	THE FIRST STATE BANK OF LATHROP	LATHROP, MO	FAILURE	$163.0 thousand	Not published by the FDIC
February 1, 1938	POLLOCK STATE BANK	POLLOCK, SD	FAILURE	$103.0 thousand	Not published by the FDIC
February 7, 1938	BANK OF MARION	MARION, AR	FAILURE	$639.0 thousand	Not published by the FDIC
February 10, 1938	BANK OF STRAFFORD	STRAFFORD, MO	FAILURE	$136.0 thousand	Not published by the FDIC
February 10, 1938	PEOPLES BANK & TRUST COMPANY	SPARTA, TN	FAILURE	Not published by the FDIC	Not published by the FDIC
February 10, 1938	THE BRIGGSDALE STATE BANK	BRIGGSDALE, CO	FAILURE	$14.0 thousand	Not published by the FDIC
February 12, 1938	THE FIRST NATIONAL BANK OF PURDON	PURDON, TX	FAILURE	$63.0 thousand	Not published by the FDIC
February 17, 1938	FARMERS BANK OF BLACKBURN	BLACKBURN, MO	FAILURE	$79.0 thousand	Not published by the FDIC
February 28, 1938	STATE BANK OF SURPRISE	SURPRISE, NE	FAILURE	$65.0 thousand	Not published by the FDIC
March 2, 1938	CITIZENS STATE BANK	HARTFORD, AR	FAILURE	$118.0 thousand	Not published by the FDIC
March 3, 1938	BANK OF NORTHAMPTON, INCORPORATED	NASSAWADOX, VA	FAILURE	Not published by the FDIC	Not published by the FDIC
March 5, 1938	HOME SAVINGS BANK	DES MOINES, IA	FAILURE	Not published by the FDIC	Not published by the FDIC
March 14, 1938	FIRST STATE BANK	KULM, ND	FAILURE	$212.0 thousand	Not published by the FDIC
March 18, 1938	THE BORDEN STATE BANK	BORDEN, IN	FAILURE	$165.0 thousand	Not published by the FDIC
March 26, 1938	MERCHANTS' AND MECHANICS' SAVINGS BANK OF NORFOLK	NORFOLK, VA	FAILURE	Not published by the FDIC	Not published by the FDIC
April 2, 1938	MARGATE TRUST COMPANY	MARGATE CITY, NJ	FAILURE	$702.0 thousand	Not published by the FDIC
April 9, 1938	THE FIRST STATE BANK	COLFAX, ND	FAILURE	$117.0 thousand	Not published by the FDIC
April 9, 1938	THE CITY NATIONAL BANK OF HARRISBURG	HARRISBURG, IL	FAILURE	Not published by the FDIC	Not published by the FDIC
April 9, 1938	BANK OF ELLENBORO	ELLENBORO, NC	FAILURE	Not published by the FDIC	Not published by the FDIC
April 11, 1938	CAMDEN SAFE DEPOSIT & TRUST COMPANY	CAMDEN, NJ	FAILURE	Not published by the FDIC	Not published by the FDIC
April 11, 1938	WEST JERSEY TRUST COMPANY	CAMDEN, NJ	FAILURE	Not published by the FDIC	Not published by the FDIC
April 12, 1938	FIRST STATE BANK OF IPSWICH	IPSWICH, SD	FAILURE	$210.0 thousand	Not published by the FDIC
April 19, 1938	BANK OF HUMBOLDT	HUMBOLDT, SD	FAILURE	$194.0 thousand	Not published by the FDIC
April 19, 1938	FIRST STATE BANK	TURTLE LAKE, ND	FAILURE	$186.0 thousand	Not published by the FDIC
April 20, 1938	CAROLINE STATE BANK	CAROLINE, WI	FAILURE	$168.0 thousand	Not published by the FDIC
April 25, 1938	STATE BANK OF IRENE	IRENE, SD	FAILURE	$176.0 thousand	Not published by the FDIC
May 14, 1938	SUSSEX STATE BANK	SUSSEX, WI	FAILURE	Not published by the FDIC	Not published by the FDIC
May 17, 1938	CITIZENS STATE BANK OF ANDOVER	ANDOVER, SD	FAILURE	$78.0 thousand	Not published by the FDIC
May 19, 1938	FARMERS SAVINGS BANK	ANKENY, IA	FAILURE	$186.0 thousand	Not published by the FDIC
May 31, 1938	GERMAN STATE BANK OF BEULAH	BEULAH, ND	FAILURE	$122.0 thousand	Not published by the FDIC
June 3, 1938	LEOPOLIS STATE BANK	LEOPOLIS, WI	FAILURE	$205.0 thousand	Not published by the FDIC
June 17, 1938	RUSSELL STATE BANK & TRUST COMPANY	RUSSELL, IA	FAILURE	$217.0 thousand	Not published by the FDIC
June 22, 1938	CENTRAL SAVINGS BANK	NEWPORT, KY	FAILURE	Not published by the FDIC	Not published by the FDIC
June 24, 1938	THE BANK OF ASHE	JEFFERSON, NC	FAILURE	Not published by the FDIC	Not published by the FDIC
July 1, 1938	COMMERCIAL BANK OF MARYLAND	FREDERICK, MD	FAILURE	Not published by the FDIC	Not published by the FDIC
July 11, 1938	BANK OF MILBURN	MILBURN, KY	FAILURE	$79.0 thousand	Not published by the FDIC
July 12, 1938	HUDSON STATE BANK	HUDSON, SD	FAILURE	$254.0 thousand	Not published by the FDIC
July 22, 1938	BETHEL SPRINGS BANK	BETHEL SPRINGS, TN	FAILURE	Not published by the FDIC	Not published by the FDIC
July 23, 1938	TAKOMA PARK BANK	TAKOMA PARK, MD	FAILURE	Not published by the FDIC	Not published by the FDIC
July 27, 1938	HUTCHINSON COUNTY BANK	PARKSTON, SD	FAILURE	$273.0 thousand	Not published by the FDIC
July 28, 1938	WINOOSKI SAVINGS BANK	WINOOSKI, VT	FAILURE	$4.0 million	Not published by the FDIC
August 15, 1938	STATE BANK OF RICE LAKE	RICE LAKE, WI	FAILURE	$946.0 thousand	Not published by the FDIC
August 16, 1938	BANK OF HIGHMORE (DREW BROS.)	HIGHMORE, SD	FAILURE	$109.0 thousand	Not published by the FDIC
August 18, 1938	THE FARMERS & MERCHANTS BANK	MADISON, MO	FAILURE	$119.0 thousand	Not published by the FDIC
August 19, 1938	HOME BANK & TRUST COMPANY	WINCHESTER, TN	FAILURE	$401.0 thousand	Not published by the FDIC
August 24, 1938	HITCHCOCK STATE BANK	HITCHCOCK, SD	FAILURE	$79.0 thousand	Not published by the FDIC
August 31, 1938	JERAULD COUNTY BANK	WESSINGTON SPRINGS, SD	FAILURE	$260.0 thousand	Not published by the FDIC
August 31, 1938	FIRST BANK OF FLAXTON	FLAXTON, ND	FAILURE	$80.0 thousand	Not published by the FDIC
September 2, 1938	FIRST STATE BANK	HEWITT, MN	FAILURE	$135.0 thousand	Not published by the FDIC
September 24, 1938	STOCKMENS STATE BANK	MEDORA, ND	FAILURE	$87.0 thousand	Not published by the FDIC
September 24, 1938	THE SARANAC LAKE NATIONAL BANK	SARANAC LAKE, NY	FAILURE	Not published by the FDIC	Not published by the FDIC
September 29, 1938	FIRST STATE BANK	WILMOT, SD	FAILURE	$165.0 thousand	Not published by the FDIC
October 11, 1938	BANK OF LOCKPORT	LOCKPORT, KY	FAILURE	$68.0 thousand	Not published by the FDIC
October 12, 1938	BANK OF ETON	ETON, GA	FAILURE	Not published by the FDIC	Not published by the FDIC
November 1, 1938	KERMIT STATE BANK	KERMIT, WV	FAILURE	$120.0 thousand	Not published by the FDIC
November 3, 1938	FAYETTE BANK	FAYETTE, MO	FAILURE	$348.0 thousand	Not published by the FDIC
November 5, 1938	BANK OF BELLFLOWER	BELLFLOWER, MO	FAILURE	Not published by the FDIC	Not published by the FDIC
November 26, 1938	FARMERS STATE BANK OF ANAMOOSE	ANAMOOSE, ND	FAILURE	$62.0 thousand	Not published by the FDIC
November 26, 1938	THE BANK OF CUBA	CUBA, AL	FAILURE	$89.0 thousand	Not published by the FDIC
November 26, 1938	THE FIRST NATIONAL BANK OF ROOSEVELT	ROOSEVELT, NY	FAILURE	Not published by the FDIC	Not published by the FDIC
December 3, 1938	THE NATIONAL CITY BANK OF LYNN	LYNN, MA	FAILURE	Not published by the FDIC	Not published by the FDIC
December 14, 1938	COLEMAN STATE BANK	COLEMAN, WI	FAILURE	Not published by the FDIC	Not published by the FDIC
December 17, 1938	BOILING SPRINGS STATE BANK	BOILING SPRINGS, PA	FAILURE	Not published by the FDIC	Not published by the FDIC
December 21, 1938	FARMERS STATE BANK OF LONDON	LONDON, KY	FAILURE	$355.0 thousand	Not published by the FDIC
December 31, 1938	THE HARFORD BANK	BEL AIR, MD	FAILURE	$893.0 thousand	Not published by the FDIC
December 31, 1938	FARMERS STATE BANK	CANTON, WI	FAILURE	$51.0 thousand	Not published by the FDIC

Sources

FDIC failures — every bank failure and assistance transaction since 1934 — Federal Deposit Insurance Corporation · Public domain — U.S. Government work · retrieved September 27, 2026

Compiled automatically from FDIC failures — every bank failure and assistance transaction since 1934 by a checked SQL query · Editor: Kian O'Connor · How this site is built

Data retrieved September 30, 2026