Data / Bank failures / 1942
US bank failures in 1942: 20 banks closed
20 banks failed in 1942, holding $1.6 million in assets and $18.6 million in deposits. The FDIC estimates the cost to its insurance fund at $0. The largest: Farmers Bank ($580,000), Farmer's and Merchant's Bank ($395,000), The Citizens Bank of Liberty ($258,000). Most by state: PA 9, WI 2, NY 2, MO 1, OR 1.
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Every failure, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Guarantee TR & Safe Dep. Co.-Mt.carmel | MT. Carmel | PA | November 28, 1942 | $1.1 million | |||
| The Citizens Bank of Liberty | Liberty | MO | November 18, 1942 | $258,000 | $206,000 | ||
| The Farmers National Bank of Selinsgrove | Selinsgrove | PA | October 17, 1942 | $719,000 | |||
| Farmers Bank | Lone Rock | WI | October 2, 1942 | $580,000 | $537,000 | ||
| Merchants Banking Trust Company | Mahanoy | PA | September 12, 1942 | $859,000 | |||
| The Harney County National Bank of Burns | Burns | OR | August 29, 1942 | $1.1 million | |||
| Citizens Nat BK & TR Co. of Lehighton | Lehighton | PA | August 1, 1942 | $1.1 million | |||
| The First National Bank of Lehighton | Lehighton | PA | August 1, 1942 | $1.8 million | |||
| Farmer's and Merchant's Bank | Cochrane | WI | July 6, 1942 | $395,000 | $325,000 | ||
| The First Nat BK & TR Co. of Dallastown | Dallastown | PA | June 20, 1942 | $1.4 million | |||
| The Emmaus National Bank | Emmaus | PA | April 25, 1942 | $1.4 million | |||
| Bank of Malone | Malone | FL | March 31, 1942 | $149,000 | $140,000 | ||
| Floral Park Bank and Trust Company | Floral Park | NY | March 28, 1942 | $2 million | |||
| The First National Bank of Weatherly | Weatherly | PA | March 14, 1942 | $521,000 | |||
| The Citizens National Bank of Freeport | Freeport | NY | March 7, 1942 | $1.3 million | |||
| The Haddonfield National Bank | Haddonfield | NJ | February 28, 1942 | $2.7 million | |||
| Bank of Draper | Draper | NC | February 6, 1942 | $129,000 | $83,000 | ||
| The Louisa National Bank | Louisa | KY | January 31, 1942 | $477,000 | |||
| Palisade State Bank | Palisade | MN | January 21, 1942 | $91,000 | $88,000 | ||
| Providence Bank | Scranton | PA | January 17, 1942 | $754,000 |
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
- 1941 15
- 1940 43
- 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.