20 failures ยท $1.6 million in assets
Bank failures in 1942
20 insured banks failed in 1942, up from 15 in 1941. Together they reported $1.6 million in assets, with no estimated loss recorded. The largest was Farmers Bank of Lone Rock, Wisconsin, at $580 thousand. Pennsylvania led with 9 failures, ahead of New York with 2.
Week by week
- $1 billion or more
- $100 million to $1 billion
- under $100 million
Where they failed
Failures by state in 1942: Pennsylvania 9, New York 2, Wisconsin 2, Minnesota 1, Kentucky 1, North Carolina 1, New Jersey 1, Florida 1, Oregon 1, Missouri 1.
Explore
Filter and sort the 1942 failures by state, size or loss. Other years: 1941.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| January 17, 1942 | Providence Bank | Scranton, PA | not reported | not estimated |
| January 21, 1942 | Palisade State Bank | Palisade, MN | $91 thousand | not estimated |
| January 31, 1942 | The Louisa National Bank | Louisa, KY | not reported | not estimated |
| February 6, 1942 | Bank of Draper | Draper, NC | $129 thousand | not estimated |
| February 28, 1942 | The Haddonfield National Bank | Haddonfield, NJ | not reported | not estimated |
| March 7, 1942 | The Citizens National Bank of Freeport | Freeport, NY | not reported | not estimated |
| March 14, 1942 | The First National Bank of Weatherly | Weatherly, PA | not reported | not estimated |
| March 28, 1942 | Floral Park Bank and Trust Company | Floral Park, NY | not reported | not estimated |
| March 31, 1942 | Bank of Malone | Malone, FL | $149 thousand | not estimated |
| April 25, 1942 | The Emmaus National Bank | Emmaus, PA | not reported | not estimated |
| June 20, 1942 | The First Nat Bk & Tr Co. of Dallastown | Dallastown, PA | not reported | not estimated |
| July 6, 1942 | Farmer's and Merchant's Bank | Cochrane, WI | $395 thousand | not estimated |
| August 1, 1942 | Citizens Nat Bk & Tr Co. of Lehighton | Lehighton, PA | not reported | not estimated |
| August 1, 1942 | The First National Bank of Lehighton | Lehighton, PA | not reported | not estimated |
| August 29, 1942 | The Harney County National Bank of Burns | Burns, OR | not reported | not estimated |
| September 12, 1942 | Merchants Banking Trust Company | Mahanoy, PA | not reported | not estimated |
| October 2, 1942 | Farmers Bank | Lone Rock, WI | $580 thousand | not estimated |
| October 17, 1942 | The Farmers National Bank of Selinsgrove | Selinsgrove, PA | not reported | not estimated |
| November 18, 1942 | The Citizens Bank of Liberty | Liberty, MO | $258 thousand | not estimated |
| November 28, 1942 | Guarantee Tr & Safe Dep. Co.-Mt.carmel | Mt. Carmel, PA | not reported | not estimated |