Data / Bank failures / 1936 / First State Bank of Powers Lake
First State Bank of Powers Lake, Powers Lake, ND: failed December 21, 1936
First State Bank of Powers Lake in Powers Lake, North Dakota, failed on December 21, 1936. It held $76,000 in deposits.
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The FDIC's record
- Closed
- December 21, 1936
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total deposits
- $76,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in North Dakota, 1934 to 1938
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Farmers State Bank of Anamoose | Anamoose | November 26, 1938 | $62,000 | $39,000 | ||
| Stockmens State Bank | Medora | September 24, 1938 | $87,000 | $74,000 | ||
| First Bank of Flaxton | Flaxton | August 31, 1938 | $80,000 | $53,000 | ||
| German State Bank of Beulah | Beulah | May 31, 1938 | $122,000 | $100,000 | ||
| First State Bank | Turtle Lake | April 19, 1938 | $186,000 | $144,000 | ||
| The First State Bank | Colfax | April 9, 1938 | $117,000 | $83,000 | ||
| First State Bank | Kulm | March 14, 1938 | $212,000 | $142,000 | ||
| Sterling State Bank | Sterling | November 30, 1937 | $121,000 | $84,000 |
All bank failures in 1936 · All bank failures in North Dakota · 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.