Data / Bank failures / 1950 / First National Bank in Cecil
First National Bank in Cecil, Cecil, PA: failed October 9, 1950
First National Bank in Cecil in Cecil, Pennsylvania, failed on October 9, 1950. It held $638,000 in assets and $2.2 million in deposits at its last report. By assets it was the 4th largest of 4 banks closed or assisted in 1950.
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The FDIC's record
- Closed
- October 9, 1950
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $638,000
- Total deposits
- $2,245,000
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
Other bank failures in Pennsylvania, 1948 to 1952
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Parnassus National Bank | New Kensington | August 25, 1951 | $2.9 million | $3.3 million |
All bank failures in 1950 · All bank failures in Pennsylvania · 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.