Data / Bank failures / 1941 / First State Bank & Trust Co. of Indianola
First State Bank & Trust Co. of Indianola, Indianola, IL: failed January 29, 1941
First State Bank & Trust Co. of Indianola in Indianola, Illinois, failed on January 29, 1941. It held $195,000 in assets and $165,000 in deposits at its last report. By assets it was the 7th largest of 15 banks closed or assisted in 1941.
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The FDIC's record
- Closed
- January 29, 1941
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $195,000
- Total deposits
- $165,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Illinois, 1939 to 1943
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Farmers State Bank of Cullom | Cullom | April 2, 1943 | $439,000 | $474,000 | ||
| 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 |
All bank failures in 1941 · 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.