Failed Bank List

15 failures · $17.8 million in assets

Bank failures in 1941

15 insured banks failed in 1941, down from 43 in 1940. Together they reported $17.8 million in assets, with no estimated loss recorded. The largest was Banco Di Napoli Trust Co. of New York of New York, New York, at $13.8 million. New York led with 5 failures, ahead of Pennsylvania with 3.

Week by week

  • $1 billion or more
  • $100 million to $1 billion
  • under $100 million
Bank failures in 1941 by week of closingBank of Jamestown, 1941-01-11The First National Bank of Anadarko, 1941-01-17First State Bank & Trust Co. of Indianola, 1941-01-29Bank of Baldwyn, 1941-03-08The Keswick National Bank of Glenside, 1941-04-12Mutual Trust Co. of Westchester County, 1941-04-26The First Nat Bk & Tr Co. of Port Chester, 1941-04-26The Exchange State Bank, 1941-06-23Bank of Au Sable Forks, N.y., 1941-09-29The First National Bank of Forestville, 1941-11-01The First National Bank of Dodgeville, 1941-11-29Banco Di Napoli Trust Co. of New York, 1941-12-11The St. Charles State Bank, 1941-12-13The Franklin Trust Co., 1941-12-22The Lamberton National Bank of Franklin, 1941-12-22JanFebMarAprMayJunJulAugSepOctNovDec
One square per failed bank, stacked in the week it closed. 7% of these closings fell on a Friday.

Where they failed

Failures by state in 1941: New York 5, Pennsylvania 3, Missouri 1, Oklahoma 1, Illinois 1, Mississippi 1, Kansas 1, Wisconsin 1, Michigan 1.

Explore

Filter and sort the 1941 failures by state, size or loss. Other years: 1940 · 1942.

All 15 failures in 1941, in closing order
ClosedBankLocationTotal assetsEst. loss
January 11, 1941Bank of JamestownJamestown, MO$186 thousandnot estimated
January 17, 1941The First National Bank of AnadarkoAnadarko, OK$822 thousandnot estimated
January 29, 1941First State Bank & Trust Co. of IndianolaIndianola, IL$195 thousandnot estimated
March 8, 1941Bank of BaldwynBaldwyn, MS$233 thousandnot estimated
April 12, 1941The Keswick National Bank of GlensideGlenside, PA$1.3 millionnot estimated
April 26, 1941Mutual Trust Co. of Westchester CountyPort Chester, NYnot reportednot estimated
April 26, 1941The First Nat Bk & Tr Co. of Port ChesterPort Chester, NYnot reportednot estimated
June 23, 1941The Exchange State BankParsons, KSnot reportednot estimated
September 29, 1941Bank of Au Sable Forks, N.y.Au Sable Forks, NYnot reportednot estimated
November 1, 1941The First National Bank of ForestvilleForestville, NY$328 thousandnot estimated
November 29, 1941The First National Bank of DodgevilleDodgeville, WI$941 thousandnot estimated
December 11, 1941Banco Di Napoli Trust Co. of New YorkNew York, NY$13.8 millionnot estimated
December 13, 1941The St. Charles State BankSt. Charles, MInot reportednot estimated
December 22, 1941The Franklin Trust Co.Franklin, PAnot reportednot estimated
December 22, 1941The Lamberton National Bank of FranklinFranklin, PAnot reportednot estimated