Data / Bank failures / 1953 / Mayfield State Bank
Mayfield State Bank, Mayfield, PA: failed February 13, 1953
Mayfield State Bank in Mayfield, Pennsylvania, failed on February 13, 1953. It held $1.4 million in assets and $1.3 million in deposits at its last report. By assets it was the 2nd largest of 2 banks closed or assisted in 1953.
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The FDIC's record
- Closed
- February 13, 1953
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $1,355,000
- Total deposits
- $1,305,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Pennsylvania, 1951 to 1955
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Parnassus National Bank | New Kensington | August 25, 1951 | $2.9 million | $3.3 million |
All bank failures in 1953 · All bank failures in Pennsylvania · 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.