Data / Bank failures / 1939 / The Parksley National Bank
The Parksley National Bank, Parksley, VA: failed May 18, 1939
The Parksley National Bank in Parksley, Virginia, failed on May 18, 1939. It held $279,000 in assets and $182,000 in deposits at its last report. By assets it was the 16th largest of 60 banks closed or assisted in 1939.
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The FDIC's record
- Closed
- May 18, 1939
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $279,000
- Total deposits
- $182,000
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
Other bank failures in Virginia, 1937 to 1941
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Merchants' and Mechanics' Savings Bank of Norfolk | Norfolk | March 26, 1938 | $2.9 million | |||
| Bank of Northampton, Incorporated | Nassawadox | March 3, 1938 | $300,000 | |||
| Peoples Bank of Bloxom, Inc. | Bloxom | July 19, 1937 | $101,000 | $63,000 | ||
| Farmers & Merchants Trust Bank | Cape Charles | May 22, 1937 | $844,000 |
All bank failures in 1939 · All bank failures in Virginia · 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.