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Data / Bank failures / 1947

US bank failures in 1947: 5 banks closed

5 banks failed in 1947, holding $6.8 million in assets and $7 million in deposits. The FDIC estimates the cost to its insurance fund at $0. The largest: The First National Bank of Evanston ($1.8 million), The Central City National Bank ($1.7 million), The First National Bank of Lemont ($1.7 million). Most by state: WI 1, SC 1, PA 1, IL 1, WY 1.

SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.

Every failure, newest first

BankCityStateClosedAssetsDepositsEstimated costAcquirer
Lyons State BankLyonsWIDecember 6, 1947$874,000$804,000
Peoples Bank of DonaldsDonaldsSCNovember 29, 1947$762,000$713,000
The Central City National BankCentral CityPAJuly 12, 1947$1.7 million$1.7 million
The First National Bank of LemontLemontILJanuary 25, 1947$1.7 million$1.7 million
The First National Bank of EvanstonEvanstonWYJanuary 11, 1947$1.8 million$2 million

Other years

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.