Data / Bank failures / 1940 / Savings Bank of Nanticoke
Savings Bank of Nanticoke, Nanticoke, MD: failed October 4, 1940
Savings Bank of Nanticoke in Nanticoke, Maryland, failed on October 4, 1940. It held $190,000 in assets and $159,000 in deposits at its last report. By assets it was the 10th largest of 43 banks closed or assisted in 1940.
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The FDIC's record
- Closed
- October 4, 1940
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $190,000
- Total deposits
- $159,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Maryland, 1938 to 1942
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Hillsboro-Queen Anne Bank, Inc. | Hillsboro | January 21, 1939 | $249,000 | |||
| The Harford Bank | Bel Air | December 31, 1938 | $893,000 | $669,000 | ||
| Takoma Park Bank | Takoma Park | July 23, 1938 | $2 million | |||
| Commercial Bank of Maryland | Frederick | July 1, 1938 | $1.4 million |
All bank failures in 1940 · All bank failures in Maryland · 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.