Data / Bank failures / 1935 / Palmetto State Bank
Palmetto State Bank, Lake City, SC: failed March 9, 1935
Palmetto State Bank in Lake City, South Carolina, failed on March 9, 1935. It held $149,000 in assets and $136,000 in deposits at its last report. By assets it was the 15th largest of 25 banks closed or assisted in 1935.
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The FDIC's record
- Closed
- March 9, 1935
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $149,000
- Total deposits
- $136,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
All bank failures in 1935 · All bank failures in South Carolina · 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.