Data / Bank failures / 1942 / Bank of Draper
Bank of Draper, Draper, NC: failed February 6, 1942
Bank of Draper in Draper, North Carolina, failed on February 6, 1942. It held $129,000 in assets and $83,000 in deposits at its last report. By assets it was the 5th largest of 20 banks closed or assisted in 1942.
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The FDIC's record
- Closed
- February 6, 1942
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $129,000
- Total deposits
- $83,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in North Carolina, 1940 to 1944
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Bank of Black Mountain | Black Moutain | March 18, 1943 | $855,000 | $767,000 |
All bank failures in 1942 · 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.