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Bank failures in the 1950s
All 28 bank failures and assistance transactions from 1950 to 1959, from the FDIC.
1990s 1980s 1970s 1960s 1950s 1940s 1930s 2000 to now
| Date | Bank | State | Assets | Deposits | Cost to the fund | Acquirer | Resolution |
|---|---|---|---|---|---|---|---|
| Dec 3, 1959 | First State BankTenaha, TX | TX | $1.3M | $1.1M | – | – | Payout |
| Jun 9, 1959 | Liberal State BankLiberal, MO | MO | $1.0M | $925.0K | – | – | Payout |
| May 13, 1959 | The Bartlett State BankBartlett, NE | NE | $570.0K | $504.0K | – | – | Payout |
| Jul 17, 1958 | The Manufacturers' Bank of EdgewaterEdgewater, NJ | NJ | $2.4M | $2.2M | – | – | Payout |
| May 26, 1958 | The Rushville Banking CompanyRushville, OH | OH | $4.5M | $4.1M | – | – | Purchase and assumption |
| May 5, 1958 | Peoples State BankRichland Springs, TX | TX | $618.0K | $574.0K | – | – | Payout |
| Mar 17, 1958 | The First National Bank of HalfwayHalfway, OR | OR | $1.4M | $1.4M | – | – | Payout |
| Apr 10, 1957 | First State Bank of YorktownYorktown, TX | TX | $1.3M | $1.2M | – | – | Payout |
| Dec 4, 1956 | The Home National of EllenvilleEllenville, NY | NY | $7.7M | $6.6M | – | – | Purchase and assumption |
| Oct 15, 1956 | River Oaks State BankForth Worth, TX | TX | $5.2M | $4.7M | – | – | Payout |
| Oct 3, 1955 | Frontier Trust CompanyFort Fairfield, ME | ME | $6.0M | $5.5M | – | – | Purchase and assumption |
| Jul 25, 1955 | Joshua Monument Nat Bank-Twentynine PalmsTwentynine Palms, CA | CA | $3.1M | $3.7M | – | – | Payout |
| Apr 30, 1955 | Bank of North IdahoPriest River, ID | ID | $1.1M | $983.0K | – | – | Payout |
| Apr 30, 1955 | Rathdrum State BankRathdrum, ID | ID | $1.0M | $909.0K | – | – | Payout |
| Jan 27, 1955 | First National Bank of LewisvilleLewisville, TX | TX | $721.0K | $892.0K | – | – | Payout |
| Oct 1, 1954 | Bank of WhitesvilleWhitesville, KY | KY | $1.0M | $930.0K | – | – | Purchase and assumption |
| Aug 9, 1954 | Bank of IlaIla, GA | GA | $98.0K | $60.0K | – | – | Purchase and assumption |
| May 26, 1953 | First State Bank of Elmwood ParkElmwood Park, IL | IL | $17.5M | $17.0M | – | – | Purchase and assumption |
| Feb 13, 1953 | Mayfield State BankMayfield, PA | PA | $1.4M | $1.3M | – | – | Purchase and assumption |
| Sep 2, 1952 | Bank of DierksDierks, AR | AR | $520.0K | $583.0K | – | – | Purchase and assumption |
| May 5, 1952 | Camden State BankCamden, IL | IL | $838.0K | $817.0K | – | – | Purchase and assumption |
| Jan 21, 1952 | Thomasville Bank and Trust Co.Thomasville, AL | AL | $1.0M | $1.8M | – | – | Purchase and assumption |
| Aug 25, 1951 | The Parnassus National BankNew Kensington, PA | PA | $2.9M | $3.3M | – | – | Purchase and assumption |
| Jan 22, 1951 | Brazeau BankBrazeau, MO | MO | $144.0K | $148.0K | – | – | Purchase and assumption |
| Oct 9, 1950 | First National Bank in CecilCecil, PA | PA | $638.0K | $2.2M | – | – | Purchase and assumption |
| Aug 14, 1950 | The Farmers First National Bank of MinookaMinooka, IL | IL | $1.3M | $1.4M | – | – | Purchase and assumption |
| Jul 24, 1950 | The Bank of AuroraAurora, NC | NC | $1.3M | $991.0K | – | – | Purchase and assumption |
| Apr 3, 1950 | The Westphalia State BankWestphalia, MI | MI | $744.0K | $1.1M | – | – | Purchase and assumption |
Source: FDIC BankFind Suite. Cost to the fund is the FDIC's estimated loss to the deposit insurance fund (earlier funds for older failures). Assets and deposits as of the last report before failure. Assistance transactions kept the bank open with FDIC help.