Data / Bank failures / 1938 / Bank of Ellenboro
Bank of Ellenboro, Ellenboro, NC: failed April 9, 1938
Bank of Ellenboro in Ellenboro, North Carolina, failed on April 9, 1938. It held $54,000 in deposits.
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The FDIC's record
- Closed
- April 9, 1938
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total deposits
- $54,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in North Carolina, 1936 to 1940
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Bank of Ashe | Jefferson | June 24, 1938 | $312,000 | |||
| The Bank of Fremont | Fremont | January 29, 1938 | $341,000 | |||
| Peoples United Bank | Southport | December 2, 1937 | $162,000 |
All bank failures in 1938 · 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.