Data / Bank failures / 1948
US bank failures in 1948: 3 banks closed
3 banks failed in 1948, holding $10.4 million in assets and $10.5 million in deposits. The FDIC estimates the cost to its insurance fund at $0. The largest: Columbus Trust Company ($7.9 million), The American National Bank of Pryor Creek ($1.8 million), The First State Bank ($694,000). Most by state: TX 1, OK 1, NJ 1.
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Every failure, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The First State Bank | Franklin | TX | December 18, 1948 | $694,000 | $609,000 | ||
| The American National Bank of Pryor Creek | Pryor | OK | November 20, 1948 | $1.8 million | $1.9 million | ||
| Columbus Trust Company | Newark | NJ | July 24, 1948 | $7.9 million | $7.9 million |
Other years
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- 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.