Data / Bank failures / 1940 / The Lucerne State Bank
The Lucerne State Bank, Lucerne, IN: failed June 22, 1940
The Lucerne State Bank in Lucerne, Indiana, failed on June 22, 1940. It held $195,000 in assets and $166,000 in deposits at its last report. By assets it was the 9th largest of 43 banks closed or assisted in 1940.
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
- June 22, 1940
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $195,000
- Total deposits
- $166,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Indiana, 1938 to 1942
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Mackey State Bank | Mackey | May 9, 1940 | $40,000 | $25,000 | ||
| The Fulton State Bank | Fulton | March 18, 1939 | $168,000 | $137,000 | ||
| The ST. Joseph Loan & Trust Company | South Bend | February 16, 1939 | $3.2 million | |||
| ST. Joseph County Savings Bank | South Bend | February 16, 1939 | $1.6 million | |||
| The Borden State Bank | Borden | March 18, 1938 | $165,000 | $135,000 |
All bank failures in 1940 · All bank failures in Indiana · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.