The Graveyard › Banks › 1938
First Bank of Flaxton
Flaxton · failed August 31, 1938
First Bank of Flaxton of Flaxton failed on August 31, 1938. At its last report before that it held $80,000 in assets and $53,000 in deposits. The FDIC's list gives no estimate of the loss: the FDIC says its figures are not complete for its own cases before 1986 or for FSLIC cases from 1934 to 1988.
Assets at the end$80,000last report before August 31, 1938
Deposits at the end$53,000
Estimated loss to the fundnot givenFDIC
Also ended in 1938
- Winooski Savings Bank · Winooski · $4.0 million in assets
- State Bank of Rice Lake · Rice Lake · $946,000 in assets
- The Harford Bank · Bel Air · $893,000 in assets
- Margate Trust Company · Margate City · $702,000 in assets
- Bank of Marion · Marion · $639,000 in assets
- Home Bank & Trust Company · Winchester · $401,000 in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.