Bank failures in 1948
3 FDIC-insured institutions failed in 1948.
| Bank | Location | Date | Deposits (pre-failure) | Assets (pre-failure) |
|---|---|---|---|---|
| The First State Bank | Franklin, Texas | December 18, 1948 | $609K | $694K |
| The American National Bank of Pryor Creek | Pryor, Oklahoma | November 20, 1948 | $2M | $2M |
| Columbus Trust Company | Newark, New Jersey | July 24, 1948 | $8M | $8M |
Transcribed from the FDIC BankFind Suite failures dataset. Deposit and asset figures are from the last quarterly Call Report filed before failure, not balances on the failure date.