The Graveyard › Banks › 1948
The First State Bank
Franklin · failed December 18, 1948
The First State Bank of Franklin failed on December 18, 1948. At its last report before that it held $694,000 in assets and $609,000 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$694,000last report before December 18, 1948
Deposits at the end$609,000
Estimated loss to the fundnot givenFDIC
Also ended in 1948
- Columbus Trust Company · Newark · $7.9 million in assets
- The American National Bank of Pryor Creek · Pryor · $1.8 million 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.