Data / Bank failures / 1938 / The Farmers & Merchants Bank
The Farmers & Merchants Bank, Madison, MO: failed August 18, 1938
The Farmers & Merchants Bank in Madison, Missouri, failed on August 18, 1938. It held $119,000 in assets and $95,000 in deposits at its last report. By assets it was the 31st largest of 74 banks closed or assisted in 1938.
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The FDIC's record
- Closed
- August 18, 1938
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $119,000
- Total deposits
- $95,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Missouri, 1936 to 1940
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Eugene State Bank | Eugene | March 13, 1940 | $128,000 | $106,000 | ||
| The Citizens State Bank of Niangua | Niangua | January 12, 1940 | $143,000 | $119,000 | ||
| The Farmers Bank of Newtown | Newtown | February 2, 1939 | $114,000 | $89,000 | ||
| Bank of Bellflower | Bellflower | November 5, 1938 | $52,000 | |||
| Fayette Bank | Fayette | November 3, 1938 | $348,000 | $303,000 | ||
| Farmers Bank of Blackburn | Blackburn | February 17, 1938 | $79,000 | $51,000 | ||
| Bank of Strafford | Strafford | February 10, 1938 | $136,000 | $122,000 | ||
| The First State Bank of Lathrop | Lathrop | February 1, 1938 | $163,000 | $125,000 |
All bank failures in 1938 · All bank failures in Missouri · 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.