Bank failures in 1948

FDIC-insured banks and savings institutions recorded 3 failures in 1948, according to the FDIC.

3 FDIC-insured banks and savings institutions failed in 1948, the FDIC records, oldest first.

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Failures and assistance transactions of FDIC-insured institutions in 1948, oldest first
Date	Institution	Where	Resolution	Assets	Estimated cost
July 24, 1948	COLUMBUS TRUST COMPANY	NEWARK, NJ	FAILURE	$7.9 million	Not published by the FDIC
November 20, 1948	THE AMERICAN NATIONAL BANK OF PRYOR CREEK	PRYOR, OK	FAILURE	$1.8 million	Not published by the FDIC
December 18, 1948	THE FIRST STATE BANK	FRANKLIN, TX	FAILURE	$694.0 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