Data / Bank failures / 1938 / Bank of Marion
Bank of Marion, Marion, AR: failed February 7, 1938
Bank of Marion in Marion, Arkansas, failed on February 7, 1938. It held $639,000 in assets and $554,000 in deposits at its last report. By assets it was the 5th largest of 74 banks closed or assisted in 1938.
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The FDIC's record
- Closed
- February 7, 1938
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $639,000
- Total deposits
- $554,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Arkansas, 1936 to 1940
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Merchants & Farmers Bank | Atkins | March 23, 1939 | $223,000 | $192,000 | ||
| Citizens State Bank | Hartford | March 2, 1938 | $118,000 | $94,000 | ||
| Bank of Decatur | Decatur | January 19, 1938 | $97,000 | $84,000 | ||
| Bank of Swifton | Swifton | November 19, 1937 | $208,000 | $157,000 |
All bank failures in 1938 · All bank failures in Arkansas · 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.