Data / Bank failures / 1938 / The Borden State Bank
The Borden State Bank, Borden, IN: failed March 18, 1938
The Borden State Bank in Borden, Indiana, failed on March 18, 1938. It held $165,000 in assets and $135,000 in deposits at its last report. By assets it was the 23rd largest of 74 banks closed or assisted in 1938.
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The FDIC's record
- Closed
- March 18, 1938
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $165,000
- Total deposits
- $135,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Indiana, 1936 to 1940
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Lucerne State Bank | Lucerne | June 22, 1940 | $195,000 | $166,000 | ||
| Mackey State Bank | Mackey | May 9, 1940 | $40,000 | $25,000 | ||
| The Fulton State Bank | Fulton | March 18, 1939 | $168,000 | $137,000 | ||
| The ST. Joseph Loan & Trust Company | South Bend | February 16, 1939 | $3.2 million | |||
| ST. Joseph County Savings Bank | South Bend | February 16, 1939 | $1.6 million | |||
| Commercial Bank & Trust Company | Union City | November 4, 1937 | $853,000 | $733,000 | ||
| Michigan City Trust & Savings Bank | Michigan City | July 20, 1937 | $983,000 | |||
| The Romney Bank | Romney | June 15, 1937 | $64,000 | $56,000 |
All bank failures in 1938 · All bank failures in Indiana · 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.