Data / Bank failures / 1939 / The ST. Joseph Loan & Trust Company
The ST. Joseph Loan & Trust Company, South Bend, IN: failed February 16, 1939
The ST. Joseph Loan & Trust Company in South Bend, Indiana, failed on February 16, 1939. It held $3.2 million in deposits.
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The FDIC's record
- Closed
- February 16, 1939
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total deposits
- $3,202,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Indiana, 1937 to 1941
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Lucerne State Bank | Lucerne | June 22, 1940 | $195,000 | $166,000 | ||
| Mackey State Bank | Mackey | May 9, 1940 | $40,000 | $25,000 | ||
| The Fulton State Bank | Fulton | March 18, 1939 | $168,000 | $137,000 | ||
| 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 | ||
| Commercial Bank & Trust Company | Union City | November 4, 1937 | $853,000 | $733,000 | ||
| Michigan City Trust & Savings Bank | Michigan City | July 20, 1937 | $983,000 | |||
| The Romney Bank | Romney | June 15, 1937 | $64,000 | $56,000 |
All bank failures in 1939 · All bank failures in Indiana · 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.