Data / Bank failures / 1950 / The Westphalia State Bank
The Westphalia State Bank, Westphalia, MI: failed April 3, 1950
The Westphalia State Bank in Westphalia, Michigan, failed on April 3, 1950. It held $744,000 in assets and $1.1 million in deposits at its last report. By assets it was the 3rd largest of 4 banks closed or assisted in 1950.
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The FDIC's record
- Closed
- April 3, 1950
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $744,000
- Total deposits
- $1,126,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
All bank failures in 1950 · All bank failures in Michigan · 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.