Data / Bank failures / 1940 / Mackey State Bank
Mackey State Bank, Mackey, IN: failed May 9, 1940
Mackey State Bank in Mackey, Indiana, failed on May 9, 1940. It held $40,000 in assets and $25,000 in deposits at its last report. By assets it was the 19th largest of 43 banks closed or assisted in 1940.
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The FDIC's record
- Closed
- May 9, 1940
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $40,000
- Total deposits
- $25,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Indiana, 1938 to 1942
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Lucerne State Bank | Lucerne | June 22, 1940 | $195,000 | $166,000 | ||
| The Fulton State Bank | Fulton | March 18, 1939 | $168,000 | $137,000 | ||
| The ST. Joseph Loan & Trust Company | South Bend | February 16, 1939 | $3.2 million | |||
| ST. Joseph County Savings Bank | South Bend | February 16, 1939 | $1.6 million | |||
| The Borden State Bank | Borden | March 18, 1938 | $165,000 | $135,000 |
All bank failures in 1940 · All bank failures in Indiana · 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.