Data / Bank failures / 1938 / The First National Bank of Roosevelt
The First National Bank of Roosevelt, Roosevelt, NY: failed November 26, 1938
The First National Bank of Roosevelt in Roosevelt, New York, failed on November 26, 1938. It held $1 million in deposits.
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The FDIC's record
- Closed
- November 26, 1938
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total deposits
- $1,001,000
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
Other bank failures in New York, 1936 to 1940
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The State Exchange Bank | Holley | November 23, 1940 | $986,000 | |||
| First Citizens Bank & Trust Co. of Utica | Utica | September 14, 1940 | $34.3 million | |||
| Bank of Williamsville | Williamsville | July 27, 1940 | $1.8 million | |||
| Mount Pleasant Bank & Trust Co. | Pleasantville | July 20, 1940 | $2.1 million | |||
| The Southampton Bank | Southampton | June 8, 1940 | $1.3 million | |||
| The Rye National Bank | Rye | April 20, 1940 | $3.4 million | |||
| The First National Bank of Harrison | Harrison | April 20, 1940 | $1.9 million | |||
| First Trust & Deposit Company | Syracuse | April 6, 1940 | $48.3 million |
All bank failures in 1938 · All bank failures in New York · 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.