Data / Bank failures / 1940
US bank failures in 1940: 43 banks closed
43 banks failed in 1940, holding $8 million in assets and $143.8 million in deposits. The FDIC estimates the cost to its insurance fund at $0. The largest: Bankers Trust Company ($2.1 million), Blairsville Savings and Trust Company ($1.8 million), Kane Trust and Savings Bank ($915,000). Most by state: NY 11, NJ 5, PA 4, WI 3, ND 3.
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Every failure, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The American Nat BK of Santa Monica | Santa Monica | CA | December 4, 1940 | $1.1 million | |||
| The State Exchange Bank | Holley | NY | November 23, 1940 | $986,000 | |||
| The First National Bank of Burlingame | Burlingame | KS | November 19, 1940 | $301,000 | $256,000 | ||
| Bank of Eagle | Eagle | WI | October 25, 1940 | $457,000 | $387,000 | ||
| Savings Bank of Nanticoke | Nanticoke | MD | October 4, 1940 | $190,000 | $159,000 | ||
| The Bank of Leslie | Leslie | GA | September 18, 1940 | $141,000 | $113,000 | ||
| First Citizens Bank & Trust Co. of Utica | Utica | NY | September 14, 1940 | $34.3 million | |||
| MT. Union State Bank | MT. Union | IA | August 24, 1940 | $179,000 | |||
| Badger State Bank | Badger | SD | August 3, 1940 | $74,000 | $53,000 | ||
| Bank of Williamsville | Williamsville | NY | July 27, 1940 | $1.8 million | |||
| The Claxton State Bank | Claxton | GA | July 20, 1940 | $223,000 | $162,000 | ||
| Mount Pleasant Bank & Trust Co. | Pleasantville | NY | July 20, 1940 | $2.1 million | |||
| Chaseburg State Bank | Chaseburg | WI | July 13, 1940 | $341,000 | |||
| Kane Trust and Savings Bank | Kane | PA | July 2, 1940 | $915,000 | $717,000 | ||
| Waushara County Bank | Plainfield | WI | June 25, 1940 | $267,000 | |||
| The Westfield Trust Company | Westfield | NJ | June 22, 1940 | $4.7 million | |||
| First State Bank of Scotch Plains | Scotch Plains | NJ | June 22, 1940 | $612,000 | |||
| The Lucerne State Bank | Lucerne | IN | June 22, 1940 | $195,000 | $166,000 | ||
| First State Bank of Stonewall | Stonewall | OK | June 13, 1940 | $143,000 | $147,000 | ||
| The Southampton Bank | Southampton | NY | June 8, 1940 | $1.3 million | |||
| Mackey State Bank | Mackey | IN | May 9, 1940 | $40,000 | $25,000 | ||
| The First National Bank of Bally | Bally | PA | April 27, 1940 | $619,000 | |||
| The Rye National Bank | Rye | NY | April 20, 1940 | $3.4 million | |||
| The First National Bank of Harrison | Harrison | NY | April 20, 1940 | $1.9 million | |||
| Bank of Moreland | Moreland | KY | April 19, 1940 | $142,000 | $124,000 | ||
| First State Bank | Wishek | ND | April 18, 1940 | $136,000 | $113,000 | ||
| Ashley State Bank | Ashley | ND | April 18, 1940 | $247,000 | $172,000 | ||
| Bank of Reeder | Reeder | ND | April 17, 1940 | $125,000 | |||
| First Trust & Deposit Company | Syracuse | NY | April 6, 1940 | $48.3 million | |||
| Baldwinsville State Bank | Baldwinsville | NY | April 6, 1940 | $807,000 | |||
| Blairsville Savings and Trust Company | Blairsville | PA | April 4, 1940 | $1.8 million | $1.4 million | ||
| The First National Bank of Wenatchee | Wenatchee | WA | March 26, 1940 | $1.5 million | |||
| Farmers Bank | Dry Ridge | KY | March 23, 1940 | $363,000 | $286,000 | ||
| The Swedesboro National Bank | Swedesboro | NJ | March 16, 1940 | $680,000 | |||
| Eugene State Bank | Eugene | MO | March 13, 1940 | $128,000 | $106,000 | ||
| Hartford Savings Bank and Trust Company | White River Junction | VT | March 9, 1940 | $352,000 | |||
| The National Bank of Westfield | Westfield | NY | February 24, 1940 | $1.6 million | |||
| Bank of Brocton | Brocton | NY | February 24, 1940 | $444,000 | |||
| Woodcliff Trust Company | North Bergen | NJ | February 3, 1940 | $1.5 million | |||
| Bankers Trust Company | Atlantic City | NJ | February 1, 1940 | $2.1 million | $986,000 | ||
| Integrity Trust Company | Philadelphia | PA | January 13, 1940 | $29.4 million | |||
| The Citizens State Bank of Niangua | Niangua | MO | January 12, 1940 | $143,000 | $119,000 | ||
| Guaranty Bond State Bank | North Zulch | TX | January 4, 1940 | $169,000 | $119,000 |
Other years
- 2026 4
- 2025 2
- 2024 2
- 2023 5
- 2020 4
- 2019 4
- 2017 8
- 2016 5
- 2015 8
- 2014 18
- 2013 24
- 2012 51
- 2011 92
- 2010 157
- 2009 148
- 2008 30
- 2007 3
- 2004 4
- 2003 3
- 2002 11
- 2001 4
- 2000 7
- 1999 8
- 1998 3
- 1997 1
- 1996 6
- 1995 8
- 1994 15
- 1993 50
- 1992 181
- 1991 271
- 1990 382
- 1989 534
- 1988 470
- 1987 262
- 1986 204
- 1985 180
- 1984 106
- 1983 99
- 1982 119
- 1981 40
- 1980 22
- 1979 10
- 1978 7
- 1977 6
- 1976 17
- 1975 13
- 1974 4
- 1973 6
- 1972 2
- 1971 7
- 1970 7
- 1969 9
- 1968 3
- 1967 4
- 1966 7
- 1965 5
- 1964 7
- 1963 2
- 1962 1
- 1961 5
- 1960 1
- 1959 3
- 1958 4
- 1957 1
- 1956 2
- 1955 5
- 1954 2
- 1953 2
- 1952 3
- 1951 2
- 1950 4
- 1949 4
- 1948 3
- 1947 5
- 1946 1
- 1945 1
- 1944 2
- 1943 5
- 1942 20
- 1941 15
- 1939 60
- 1938 74
- 1937 75
- 1936 69
- 1935 25
- 1934 9
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.