Data / Bank failures / 1940 / Farmers Bank
Farmers Bank, Dry Ridge, KY: failed March 23, 1940
Farmers Bank in Dry Ridge, Kentucky, failed on March 23, 1940. It held $363,000 in assets and $286,000 in deposits at its last report. By assets it was the 5th largest of 43 banks closed or assisted in 1940.
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The FDIC's record
- Closed
- March 23, 1940
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $363,000
- Total deposits
- $286,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Kentucky, 1938 to 1942
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Louisa National Bank | Louisa | January 31, 1942 | $477,000 | |||
| Bank of Moreland | Moreland | April 19, 1940 | $142,000 | $124,000 | ||
| Commercial Bank of Liberty | Liberty | November 25, 1939 | $548,000 | $502,000 | ||
| Providence Citizens Bank | Providence | September 1, 1939 | $306,000 | $251,000 | ||
| The Bank of Rocky Hill | Rocky Hill | March 4, 1939 | $163,000 | $154,000 | ||
| Peoples State Bank | Frankfort | February 21, 1939 | $1.9 million | |||
| Farmers State Bank of London | London | December 21, 1938 | $355,000 | $287,000 | ||
| Bank of Lockport | Lockport | October 11, 1938 | $68,000 | $51,000 |
All bank failures in 1940 · All bank failures in Kentucky · 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.