Number of Banks Failed in year 1936

69

* Dollar amounts in thousands
# Institution Location Date Closed Deposits Assets Estimated Loss
1 CITIZENS BANK OF ERWIN ERWIN, TN 1936-01-10 95 159 N/A
2 FARMERS & MERCHANTS BANK ADAMS, TN 1936-02-01 5 14 N/A
3 THE FIRST NATIONAL BANK OF CLINTON CLINTON, OK 1936-02-01 437 0 N/A
4 PEOPLES BANK COLE CAMP, MO 1936-02-05 143 186 N/A
5 FARMERS & MECHANICS BANK ANN ARBOR, MI 1936-02-15 3734 0 N/A
6 THE FIRST NATIONAL BANK & TRUST CO. ANN ARBOR, MI 1936-02-15 1729 0 N/A
7 THE ANN ARBOR SAVINGS BANK ANN ARBOR, MI 1936-02-15 6758 0 N/A
8 MERCHANTS AND FARMERS BANK STARKVILLE, MS 1936-02-17 142 213 N/A
9 COLUMBIA STATE BANK COLUMBIA CITY, IN 1936-02-18 775 906 N/A
10 THE BANK OF HIGH HILL HIGH HILL, MO 1936-02-20 93 106 N/A
11 FARMERS BANK OF LEONARD LEONARD, MO 1936-02-27 51 69 N/A
12 PEOPLES BANK FRANKLINTON, KY 1936-03-02 75 93 N/A
13 FARMERS AND MERCHANTS BANK OF LINN LINN, MO 1936-03-05 198 228 N/A
14 CITIZENS BANK OF BOSWORTH BOSWORTH, MO 1936-03-18 80 0 N/A
15 FARMERS STATE BANK AMHERST, SD 1936-03-18 59 56 N/A
16 BENJAMIN STATE BANK BENJAMIN, TX 1936-03-18 181 254 N/A
17 THE FARMERS STATE BANK RILEY, KS 1936-03-24 71 0 N/A
18 DONELSON BANK & TRUST CO. DONELSON, TN 1936-03-25 131 0 N/A
19 CLIFTON STATE BANK CLIFTON, TN 1936-03-27 22 30 N/A
20 THE EARL PARK STATE BANK EARL PARK, IN 1936-03-28 134 181 N/A
21 BANK OF HOLCOMB HOLCOMB, MS 1936-03-31 11 23 N/A
22 LELAND COOPERATIVE BANK LELAND, IA 1936-03-31 155 150 N/A
23 CROSS PLAINS BANK CROSS PLAINS, TN 1936-04-10 32 50 N/A
24 HARDIN BANK HARDIN, KY 1936-04-18 53 72 N/A
25 FARMERS & MERCHANTS BANK REVILLO, SD 1936-04-21 89 128 N/A
26 NORBORNE TRUST COMPANY NORBORNE, MO 1936-04-22 121 0 N/A
27 GUARANTY BOND STATE BANK MILES, TX 1936-04-23 103 202 N/A
28 GROWERS EXCHANGE BANK ST. JOSEPH, MO 1936-05-09 43 53 N/A
29 FORD CITY STATE BANK FORD CITY, MO 1936-05-13 50 62 N/A
30 FARMERS BANK OF NEW TRUXTON NEW TRUXTON, MO 1936-05-14 53 71 N/A
31 KOSHKONONG STATE BANK KOSHKONONG, MO 1936-05-23 48 0 N/A
32 WEST MONROE STATE BANK WEST MONROE, LA 1936-05-23 410 520 N/A
33 HOLTON STATE BANK HOLTON, IN 1936-05-28 171 204 N/A
34 COMMUNITY BANK SMITHTON, MO 1936-06-05 50 75 N/A
35 THE CHRISTIAN COUNTY BANK OZARK, MO 1936-06-05 297 339 N/A
36 THE PEOPLES STATE BANK OF FLAT ROCK FLAT ROCK, IL 1936-06-17 61 0 N/A
37 CENTRAL BANK AND TRUST COMPANY NEWARK, NJ 1936-06-29 361 0 N/A
38 WALTON EQUITABLE BANK WALTON, KY 1936-07-03 235 0 N/A
39 FARMERS STATE BANK DENSMORE, KS 1936-07-10 55 80 N/A
40 THE STATE BANK OF SARCOXIE SARCOXIE, MO 1936-07-11 99 0 N/A
41 D'AURIA BANK & TRUST COMPANY NEWARK, NJ 1936-07-15 1118 1245 N/A
42 THE EAST HAMPTON BANK & TRUST CO. EAST HAMPTON, CT 1936-07-16 1050 1233 N/A
43 BANK OF MAGNOLIA MAGNOLIA, MO 1936-08-14 58 70 N/A
44 CUMBERLAND BANK CUMBERLAND, IN 1936-08-14 71 87 N/A
45 DURHAM STATE BANK DURHAM, MO 1936-08-22 124 0 N/A
46 COMMERCIAL BANK OF STANBERRY STANBERRY, MO 1936-08-31 128 173 N/A
47 THE WELLSVILLE BANK WELLSVILLE, MO 1936-09-12 290 325 N/A
48 SECURITY BANK KINGFISHER, OK 1936-09-15 149 0 N/A
49 FARMERS STATE BANK TINDALL, MO 1936-09-17 52 70 N/A
50 STOVER BANK STOVER, MO 1936-10-03 153 0 N/A
51 DESOTO BANK AND TRUST COMPANY MANSFIELD, LA 1936-10-09 996 1169 N/A
52 THE UNION BANK UHRICHSVILLE, OH 1936-10-27 1992 1906 N/A
53 BANK OF CAMBRIA CAMBRIA, WI 1936-12-01 317 0 N/A
54 SCOTTSBURG STATE BANK SCOTTSBURG, IN 1936-12-05 491 563 N/A
55 CITIZENS STATE BANK PALMYRA, IN 1936-12-05 297 350 N/A
56 THE UNION STATE BANK CROTHERSVILLE, IN 1936-12-07 207 248 N/A
57 THE BREWSTER STATE BANK BREWSTER, KS 1936-12-07 75 0 N/A
58 THE FIRST STATE BANK OF LIGNITE LIGNITE, ND 1936-12-12 46 83 N/A
59 THE FIRST NATIONAL BANK OF CENTERVILLE CENTERVILLE, SD 1936-12-18 506 569 N/A
60 THE FIRST INTERNATIONAL BANK OF WILLISTON WILLISTON, ND 1936-12-19 763 0 N/A
61 NORTHERN AND DAKOTA TRUST COMPANY FARGO, ND 1936-12-19 479 0 N/A
62 FIRST INTERNATIONAL BANK MINOT, ND 1936-12-19 360 0 N/A
63 FIRST STATE BANK OF POWERS LAKE POWERS LAKE, ND 1936-12-21 76 0 N/A
64 FIRST STATE BANK OF MAX MAX, ND 1936-12-21 100 0 N/A
65 RESERVATION STATE BANK MAKOTI, ND 1936-12-21 78 0 N/A
66 THE CUMMINGS STATE BANK CUMMINGS, ND 1936-12-21 30 0 N/A
67 FIRST STATE BANK COTEAU, ND 1936-12-21 43 0 N/A
68 BANK OF BERTHOLD BERTHOLD, ND 1936-12-21 84 0 N/A
69 CENTRAL STATE BANK OF SHERMAN SHERMAN, TX 1936-12-31 219 312 N/A

     
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US Bank Failures Since 1934
FDIC Bank Failures since 1990


Cost of Bank Failures to FDIC


Total Deposits of All Banks Insured by FDIC since 1990


Cost of Bank Failures to FDIC

The Federal Deposit Insurance Corporation is an independent federal agency created in 1933 to promote public confidence and stability in the nation's banking system. The FDIC is often appointed as receiver for failed banks.

What is a bank failure?
 A bank failure is the closing of a bank by a federal or state banking regulatory agency. Generally, a bank is closed when it is unable to meet its obligations to depositors and others. This brochure deals with the failure of "insured banks." The term "insured bank" means a bank insured by FDIC, including banks chartered by the federal government as well as most banks chartered by the state governments. An insured bank must display an official FDIC sign at each teller window.

What is FDIC's role in a bank failure?
 In the event of a bank failure, the FDIC acts in two capacities. First, as the insurer of the bank's deposits, the FDIC pays insurance to the depositors up to the insurance limit. Second, the FDIC, as the "Receiver" of the failed bank, assumes the task of selling/collecting the assets of the failed bank and settling its debts, including claims for deposits in excess of the insured limit.



What is the purpose of FDIC deposit insurance?
 The FDIC protects depositors' funds in the unlikely event of the financial failure of their bank or savings institution. FDIC deposit insurance covers the balance of each depositor's account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest through the date of the insured bank's closing.

What is the FDIC insurance amount?
 The standard insurance amount is $250,000 per depositor, per insured bank, for each ownership category. This includes principal and accrued interest and applies to all depositors of an insured bank. Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank. Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be fully insured. For more information on deposit insurance coverage, see the FDIC's brochure "Your Insured Deposits" which can be accessed at www.fdic.gov/deposit/deposits/insured

Who does the FDIC insure?
 Any person or entity can have FDIC insurance on a deposit. A depositor does not have to be a citizen, or even a resident of the United States. FDIC insurance only protects depositors, although some depositors may also be creditors or shareholders of an insured bank.

What does FDIC deposit insurance cover?
 FDIC insurance covers deposits received at an insured bank. Types of deposit products include checking, NOW, and savings accounts, money market deposit accounts (MMDA), and time deposits such as certificates of deposit (CDs).

What is the source of funding used by the FDIC to pay insured depositors of a failed bank?
 The FDIC's deposit insurance fund consists of premiums already paid by insured banks and interest earnings on its investment portfolio of U.S. Treasury securities. No federal or state tax revenues are involved.

How am I notified when my bank has been closed?
 The FDIC notifies each depositor in writing using the depositor's address on record with the bank. This notification is mailed immediately after the bank closes. When the failed bank is acquired by another bank; the assuming bank also notifies the depositors. This notification usually is mailed with the first bank statement after the assumption.


Source :  Federal Deposit Insurance Corporation


Notes :
* The Cost to DIF of $2.5 billion for "California National Bank" failed on 30th October,2009 is the total cost for all the 9 banks failed on that.