Bank failures in 1950
4 FDIC-insured institutions failed in 1950.
| Bank | Location | Date | Deposits (pre-failure) | Assets (pre-failure) |
|---|---|---|---|---|
| First National Bank In Cecil | Cecil, Pennsylvania | October 9, 1950 | $2M | $638K |
| The Farmers First National Bank of Minooka | Minooka, Illinois | August 14, 1950 | $1M | $1M |
| The Bank of Aurora | Aurora, North Carolina | July 24, 1950 | $991K | $1M |
| The Westphalia State Bank | Westphalia, Michigan | April 3, 1950 | $1M | $744K |
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.