Data / Bank failures / 1943 / Bank of Black Mountain
Bank of Black Mountain, Black Moutain, NC: failed March 18, 1943
Bank of Black Mountain in Black Moutain, North Carolina, failed on March 18, 1943. It held $855,000 in assets and $767,000 in deposits at its last report. By assets it was the 4th largest of 5 banks closed or assisted in 1943.
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The FDIC's record
- Closed
- March 18, 1943
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $855,000
- Total deposits
- $767,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in North Carolina, 1941 to 1945
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Bank of Draper | Draper | February 6, 1942 | $129,000 | $83,000 |
All bank failures in 1943 · All bank failures in North Carolina · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.