60 failures · $43.9 million in assets

Bank failures in 1939

60 insured banks failed in 1939, down from 74 in 1938. Together they reported $43.9 million in assets, with no estimated loss recorded. The largest was The New Jersey Title Guarantee & Trust Co. of Jersey City, New Jersey, at $30.7 million. New Jersey led with 19 failures, ahead of Wisconsin with 6.

Week by week

$1 billion or more
$100 million to $1 billion
under $100 million

One square per failed bank, stacked in the week it closed. 13% of these closings fell on a Friday. The busiest day was Friday, June 30, 1939, with three banks closed.

Where they failed

Failures by state in 1939: New Jersey 19, Wisconsin 6, Texas 4, Kentucky 4, Indiana 3, Illinois 3, North Dakota 2, Tennessee 2, New York 2, Kansas 2, Minnesota 1, Maryland 1 and others.

Explore

Filter and sort the 1939 failures by state, size or loss. Other years: 1938 · 1940.

All 60 failures in 1939, in closing order
Closed	Bank	Location	Total assets	Est. loss
January 4, 1939	Oconto County State Bank	Oconto Falls, WI	$386 thousand	not estimated
January 5, 1939	The First National Bank of Preston	Preston, MN	$304 thousand	not estimated
January 9, 1939	First State Bank	Elgin, TX	$347 thousand	not estimated
January 12, 1939	Bank of Hancock	Hancock, WI	not reported	not estimated
January 16, 1939	Bank of Scranton	Scranton, ND	$153 thousand	not estimated
January 16, 1939	First State Bank	Marquez, TX	$87 thousand	not estimated
January 21, 1939	The Hillsboro-Queen Anne Bank, Inc.	Hillsboro, MD	not reported	not estimated
February 2, 1939	The Farmers Bank of Newtown	Newtown, MO	$114 thousand	not estimated
February 3, 1939	Farmers State Bank in Merkel	Merkel, TX	$183 thousand	not estimated
February 4, 1939	The Coudersport Trust Company	Coudersport, PA	$952 thousand	not estimated
February 4, 1939	The American National Bank of Camden	Camden, NJ	not reported	not estimated
February 11, 1939	The New Jersey Title Guarantee & Trust Co.	Jersey City, NJ	$30.7 million	not estimated
February 11, 1939	North Camden Trust Company	Camden, NJ	not reported	not estimated
February 14, 1939	Groveton National Bank	Groveton, NH	not reported	not estimated
February 16, 1939	St. Joseph County Savings Bank	South Bend, IN	not reported	not estimated
February 16, 1939	The St. Joseph Loan & Trust Company	South Bend, IN	not reported	not estimated
February 18, 1939	The First Nat'l Bank & Tr Co. of Blackwood	Blackwood, NJ	not reported	not estimated
February 21, 1939	Peoples State Bank	Frankfort, KY	not reported	not estimated
February 25, 1939	The First National Bank in Brooksville	Brooksville, FL	not reported	not estimated
March 4, 1939	The Bank of Rocky Hill	Rocky Hill, KY	$163 thousand	not estimated
March 7, 1939	The Point Pleasant National Bank	Point Pleasant, WV	$461 thousand	not estimated
March 8, 1939	State Bank of Forestville	Forestville, WI	$342 thousand	not estimated
March 11, 1939	Rahway Trust Company	Rahway, NJ	not reported	not estimated
March 18, 1939	The Fulton State Bank	Fulton, IN	$168 thousand	not estimated
March 18, 1939	State Bank of Bremen	Bremen, ND	$61 thousand	not estimated
March 18, 1939	Eden State Bank	Eden, WI	not reported	not estimated
March 23, 1939	Merchants & Farmers Bank	Atkins, AR	$223 thousand	not estimated
April 6, 1939	Bank of Amorita	Amorita, OK	$132 thousand	not estimated
April 8, 1939	The First National Bank of Plainfield	Plainfield, NJ	not reported	not estimated
April 14, 1939	Bank of Brussels	Brussels, IL	not reported	not estimated
April 20, 1939	The Trust Company of New Jersey	Jersey City, NJ	not reported	not estimated
April 20, 1939	West Bergen Trust Company	Jersey City, NJ	not reported	not estimated
April 28, 1939	Ripley Savings Bank & Trust Company	Ripley, TN	$794 thousand	not estimated
April 29, 1939	Bank of Eden	Eden, NY	not reported	not estimated
April 29, 1939	Columbia Trust Company of New Jersey	Hoboken, NJ	not reported	not estimated
April 29, 1939	Hudson Trust Company	Union City, NJ	not reported	not estimated
May 2, 1939	Tatum State Bank	Tatum, TX	$47 thousand	not estimated
May 18, 1939	The Parksley National Bank	Parksley, VA	$279 thousand	not estimated
May 29, 1939	Bank of Hartland	Hartland, WI	$455 thousand	not estimated
June 3, 1939	Commonwealth Trust Company	Union City, NJ	not reported	not estimated
June 3, 1939	Gloucester City Trust Company	Gloucester City, NJ	not reported	not estimated
June 3, 1939	Merchants Trust Company	Union City, NJ	not reported	not estimated
June 15, 1939	Glendive State Bank	Glendive, MT	$162 thousand	not estimated
June 17, 1939	The Hamilton Trust Company of Paterson	Paterson, NJ	$3.7 million	not estimated
June 24, 1939	The Plantsville National Bank	Plantsville, CT	$380 thousand	not estimated
June 30, 1939	Pleasantville Trust Company	Pleasantville, NJ	$1.1 million	not estimated
June 30, 1939	Kearny National Bank	Kearny, NJ	not reported	not estimated
June 30, 1939	West Hudson County Trust Company	Harrison, NJ	not reported	not estimated
August 28, 1939	First State Bank of O'fallon	O'fallon, IL	$50 thousand	not estimated
August 30, 1939	Rardin State Bank	Rardin, IL	not reported	not estimated
September 1, 1939	Providence Citizens Bank	Providence, KY	$306 thousand	not estimated
September 15, 1939	The Farmers State Bank	Cato, WI	$97 thousand	not estimated
October 3, 1939	Security State Bank	Lawrence, NE	$121 thousand	not estimated
October 7, 1939	The Egg Harbor Commercial Bank	Egg Harbor City, NJ	not reported	not estimated
November 25, 1939	Commercial Bank of Liberty	Liberty, KY	$548 thousand	not estimated
November 25, 1939	The Farmers State Bank	Cuba, KS	not reported	not estimated
December 4, 1939	The Yonkers National Bank & Trust Co.	Yonkers, NY	not reported	not estimated
December 6, 1939	The State Bank of Liebenthal	Liebenthal, KS	$60 thousand	not estimated
December 11, 1939	Maynardville State Bank	Maynardville, TN	$218 thousand	not estimated
December 27, 1939	The Tuckerton Bank	Tuckerton, NJ	$735 thousand	not estimated