9 failures ยท $2.7 million in assets
Bank failures in 1934
Nine insured banks failed in 1934; none had failed in 1933. Together they reported $2.7 million in assets, with no estimated loss recorded. The largest was Bank of America Trust Co. of Pittsburgh, Pennsylvania, at $1.4 million.
Week by week
- $1 billion or more
- $100 million to $1 billion
- under $100 million
Where they failed
Failures by state in 1934: Wisconsin 2, Pennsylvania 1, Illinois 1, Indiana 1, Montana 1, Kentucky 1, Minnesota 1, Georgia 1.
Explore
Filter and sort the 1934 failures by state, size or loss. Other years: 1935.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| April 19, 1934 | Bank of America Trust Co. | Pittsburgh, PA | $1.4 million | not estimated |
| May 28, 1934 | Fon Du Lac State Bank | East Peoria, IL | $374 thousand | not estimated |
| July 18, 1934 | Florence Deposit Bank | Florence, IN | $105 thousand | not estimated |
| July 18, 1934 | First National Bank of Lima | Lima, MT | $91 thousand | not estimated |
| August 6, 1934 | Bank of Lewisport | Lewisport, KY | $81 thousand | not estimated |
| September 13, 1934 | Farmers State Bank of Bongards | Bongards, MN | $91 thousand | not estimated |
| October 11, 1934 | Farmers & Traders Bank | Porterfield, WI | $46 thousand | not estimated |
| October 13, 1934 | Pickens County Bank | Jasper, GA | $243 thousand | not estimated |
| November 16, 1934 | The State Bank | Sauk City, WI | $195 thousand | not estimated |