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Data / Bank failures / 1949

US bank failures in 1949: 4 banks closed

4 banks failed in 1949, holding $4.9 million in assets and $5 million in deposits. The FDIC estimates the cost to its insurance fund at $0. The largest: The First National Bank of Dyer ($3.2 million), The Citizens Banking Company ($740,000), Stockmens Bank of Martinsdale ($634,000). Most by state: IN 2, OH 1, MT 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
Farmers & Merchants State BankSpencervilleINOctober 8, 1949$354,000$437,000
The Citizens Banking CompanyWestonOHJune 11, 1949$740,000$742,000
Stockmens Bank of MartinsdaleMartinsdaleMTApril 30, 1949$634,000$709,000
The First National Bank of DyerDyerINFebruary 19, 1949$3.2 million$3.1 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.