Data / Bank failures / 1938 / Stockmens State Bank
Stockmens State Bank, Medora, ND: failed September 24, 1938
Stockmens State Bank in Medora, North Dakota, failed on September 24, 1938. It held $87,000 in assets and $74,000 in deposits at its last report. By assets it was the 38th largest of 74 banks closed or assisted in 1938.
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The FDIC's record
- Closed
- September 24, 1938
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $87,000
- Total deposits
- $74,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in North Dakota, 1936 to 1940
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First State Bank | Wishek | April 18, 1940 | $136,000 | $113,000 | ||
| Ashley State Bank | Ashley | April 18, 1940 | $247,000 | $172,000 | ||
| Bank of Reeder | Reeder | April 17, 1940 | $125,000 | |||
| State Bank of Bremen | Bremen | March 18, 1939 | $61,000 | $28,000 | ||
| Bank of Scranton | Scranton | January 16, 1939 | $153,000 | $94,000 | ||
| Farmers State Bank of Anamoose | Anamoose | November 26, 1938 | $62,000 | $39,000 | ||
| First Bank of Flaxton | Flaxton | August 31, 1938 | $80,000 | $53,000 | ||
| German State Bank of Beulah | Beulah | May 31, 1938 | $122,000 | $100,000 |
All bank failures in 1938 · All bank failures in North Dakota · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.