Data / Bank failures / 1939 / First State Bank of O'Fallon
First State Bank of O'Fallon, O'Fallon, IL: failed August 28, 1939
First State Bank of O'Fallon in O'Fallon, Illinois, failed on August 28, 1939. It held $50,000 in assets and $102,000 in deposits at its last report. By assets it was the 31st largest of 60 banks closed or assisted in 1939.
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The FDIC's record
- Closed
- August 28, 1939
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $50,000
- Total deposits
- $102,000
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
Other bank failures in Illinois, 1937 to 1941
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First State Bank & Trust Co. of Indianola | Indianola | January 29, 1941 | $195,000 | $165,000 | ||
| Rardin State Bank | Rardin | August 30, 1939 | $3.1 million | |||
| 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 | |||
| First State Bank of Cobden | Cobden | November 24, 1937 | $52,000 | |||
| State Bank of Mundelein | Mundelein | October 18, 1937 | $522,000 | |||
| Roanoke State Bank | Roanoke | September 8, 1937 | $265,000 | $280,000 |
All bank failures in 1939 · 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.