State bank
The Wall Street Crash of 1929 devastated the American State Bank. In 1930, the American State Bank merged with the Ridgeland State bank, the Oakwyn, and the First National Bank &amp; Trust in an effort to remain solvent. They conducted operations in this building as the First American National Bank &amp; Trust. The bank was placed in receivership in 1932. Every bank in Berwyn went out of business during the ensuring Great Depression; no banks operated in the town until July 1937. Frank Skala then founded the Berwyn National Bank in the former American State Bank building.