Data / Bank failures / 1941 / Mutual Trust Co. of Westchester County
Mutual Trust Co. of Westchester County, Port Chester, NY: failed April 26, 1941
Mutual Trust Co. of Westchester County in Port Chester, New York, failed on April 26, 1941. It held $2.5 million in deposits.
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The FDIC's record
- Closed
- April 26, 1941
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total deposits
- $2,495,000
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
Other bank failures in New York, 1939 to 1943
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Jefferson County Nat BK -Watertown | Watertown | September 25, 1943 | $6.7 million | $5.9 million | ||
| Floral Park Bank and Trust Company | Floral Park | March 28, 1942 | $2 million | |||
| The Citizens National Bank of Freeport | Freeport | March 7, 1942 | $1.3 million | |||
| Banco Di Napoli Trust Co. of New York | New York | December 11, 1941 | $13.8 million | $11 million | ||
| The First National Bank of Forestville | Forestville | November 1, 1941 | $328,000 | $303,000 | ||
| Bank of Au Sable Forks, N.Y. | Au Sable Forks | September 29, 1941 | $800,000 | |||
| The First Nat BK & TR Co. of Port Chester | Port Chester | April 26, 1941 | $5.2 million | |||
| The State Exchange Bank | Holley | November 23, 1940 | $986,000 |
All bank failures in 1941 · All bank failures in New York · 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.