Data / Bank failures / 1938 / Takoma Park Bank
Takoma Park Bank, Takoma Park, MD: failed July 23, 1938
Takoma Park Bank in Takoma Park, Maryland, failed on July 23, 1938. It held $2 million in deposits.
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The FDIC's record
- Closed
- July 23, 1938
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total deposits
- $2,048,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Maryland, 1936 to 1940
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Savings Bank of Nanticoke | Nanticoke | October 4, 1940 | $190,000 | $159,000 | ||
| The Hillsboro-Queen Anne Bank, Inc. | Hillsboro | January 21, 1939 | $249,000 | |||
| The Harford Bank | Bel Air | December 31, 1938 | $893,000 | $669,000 | ||
| Commercial Bank of Maryland | Frederick | July 1, 1938 | $1.4 million |
All bank failures in 1938 · 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.