Data / Bank failures / 1940 / First State Bank of Stonewall
First State Bank of Stonewall, Stonewall, OK: failed June 13, 1940
First State Bank of Stonewall in Stonewall, Oklahoma, failed on June 13, 1940. It held $143,000 in assets and $147,000 in deposits at its last report. By assets it was the 12th largest of 43 banks closed or assisted in 1940.
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The FDIC's record
- Closed
- June 13, 1940
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $143,000
- Total deposits
- $147,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Oklahoma, 1938 to 1942
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The First National Bank of Anadarko | Anadarko | January 17, 1941 | $822,000 | $725,000 | ||
| Bank of Amorita | Amorita | April 6, 1939 | $132,000 | $117,000 |
All bank failures in 1940 · All bank failures in Oklahoma · 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.