Data / Bank failures / 1938 / Kermit State Bank
Kermit State Bank, Kermit, WV: failed November 1, 1938
Kermit State Bank in Kermit, West Virginia, failed on November 1, 1938. It held $120,000 in assets and $67,000 in deposits at its last report. By assets it was the 30th largest of 74 banks closed or assisted in 1938.
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The FDIC's record
- Closed
- November 1, 1938
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $120,000
- Total deposits
- $67,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in West Virginia, 1936 to 1940
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Point Pleasant National Bank | Point Pleasant | March 7, 1939 | $461,000 | $410,000 | ||
| Farmers Bank & Trust Company | Charles Town | August 31, 1937 | $1.3 million | $1.4 million |
All bank failures in 1938 · All bank failures in West Virginia · 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.