Data / Bank failures / 1937 / The First National Bank in Burlington
The First National Bank in Burlington, Burlington, IA: failed October 20, 1937
The First National Bank in Burlington in Burlington, Iowa, failed on October 20, 1937. It held $3.6 million in deposits.
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The FDIC's record
- Closed
- October 20, 1937
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total deposits
- $3,594,000
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
Other bank failures in Iowa, 1935 to 1939
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Russell State Bank & Trust Company | Russell | June 17, 1938 | $217,000 | $185,000 | ||
| Farmers Savings Bank | Ankeny | May 19, 1938 | $186,000 | $163,000 | ||
| Home Savings Bank | Des Moines | March 5, 1938 | $1.2 million | |||
| Leland Cooperative Bank | Leland | March 31, 1936 | $150,000 | $155,000 |
All bank failures in 1937 · All bank failures in Iowa · 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.