Data / Bank failures / 1950 / The Farmers First National Bank of Minooka
The Farmers First National Bank of Minooka, Minooka, IL: failed August 14, 1950
The Farmers First National Bank of Minooka in Minooka, Illinois, failed on August 14, 1950. It held $1.3 million in assets and $1.4 million in deposits at its last report. By assets it was the largest of 4 banks closed or assisted in 1950.
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The FDIC's record
- Closed
- August 14, 1950
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $1,332,000
- Total deposits
- $1,403,000
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
Other bank failures in Illinois, 1948 to 1952
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Camden State Bank | Camden | May 5, 1952 | $838,000 | $817,000 |
All bank failures in 1950 · All bank failures in Illinois · 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.