Data / Bank failures / 1938 / The First National Bank of Purdon
The First National Bank of Purdon, Purdon, TX: failed February 12, 1938
The First National Bank of Purdon in Purdon, Texas, failed on February 12, 1938. It held $63,000 in assets and $36,000 in deposits at its last report. By assets it was the 46th largest of 74 banks closed or assisted in 1938.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- February 12, 1938
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $63,000
- Total deposits
- $36,000
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
Other bank failures in Texas, 1936 to 1940
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Guaranty Bond State Bank | North Zulch | January 4, 1940 | $169,000 | $119,000 | ||
| Tatum State Bank | Tatum | May 2, 1939 | $47,000 | $17,000 | ||
| Farmers State Bank in Merkel | Merkel | February 3, 1939 | $183,000 | $131,000 | ||
| First State Bank | Marquez | January 16, 1939 | $87,000 | $46,000 | ||
| First State Bank | Elgin | January 9, 1939 | $347,000 | $287,000 | ||
| The First National Bank of Lovelady | Lovelady | October 1, 1937 | $78,000 | |||
| Ringgold State Bank | Ringgold | October 1, 1937 | $92,000 | $51,000 | ||
| First State Bank of South San Antonio | San Antonio | June 29, 1937 | $514,000 | $490,000 |
All bank failures in 1938 · All bank failures in Texas · 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.