Data / Bank failures / 1937 / First State Bank of Cobden
First State Bank of Cobden, Cobden, IL: failed November 24, 1937
First State Bank of Cobden in Cobden, Illinois, failed on November 24, 1937. It held $52,000 in deposits.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- November 24, 1937
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total deposits
- $52,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Illinois, 1935 to 1939
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Rardin State Bank | Rardin | August 30, 1939 | $3.1 million | |||
| First State Bank of O'Fallon | O'Fallon | August 28, 1939 | $50,000 | $102,000 | ||
| Bank of Brussels | Brussels | April 14, 1939 | $148,000 | |||
| The City National Bank of Harrisburg | Harrisburg | April 9, 1938 | $2.8 million | |||
| Belleville Bank & Trust Company | Belleville | January 26, 1938 | $2.8 million | |||
| State Bank of Mundelein | Mundelein | October 18, 1937 | $522,000 | |||
| Roanoke State Bank | Roanoke | September 8, 1937 | $265,000 | $280,000 | ||
| The Farmers National Bank of Grayville | Grayville | May 27, 1937 | $258,000 |
All bank failures in 1937 · All bank failures in Illinois · 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.