Bank Failure
Bank of Swifton
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Closed November 19, 1937 · Swifton, AR .
- Closing date
- November 19, 1937
- Headquarters
- Swifton, AR
- Total assets at closing
- $208K
- Total deposits at closing
- $157K
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On November 19, 1937, regulators closed Bank of Swifton, headquartered in Swifton, AR. At closing, the institution held approximately $208K in assets and $157K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3238th largest of the 3,526 bank failures in the FDIC record, and the 24th of 75 in 1937. It falls in the period the record labels Early FDIC Era (1934-1944), a period with 397 failures peaking at 75 in 1937.
FDIC's first decade after the 1933 Banking Act. Failures fell sharply once deposit insurance restored confidence.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Bank of Swifton fail?
Bank of Swifton was closed by regulators on November 19, 1937.
How big was Bank of Swifton when it failed?
Bank of Swifton had approximately $208K in total assets and $157K in deposits at the time of failure.
Other failures in 1937
| Date | Bank | Assets |
|---|---|---|
| Dec 20, 1937 | First Nat BK & TR Co. of Manhasset | — |
| Dec 17, 1937 | Big Falls State Bank | $103K |
| Dec 2, 1937 | Nevada Trust Company | $242K |
| Dec 2, 1937 | Peoples United Bank | — |
| Nov 30, 1937 | Sterling State Bank | $121K |
| Nov 27, 1937 | Loganville State Bank | — |
| Nov 24, 1937 | First State Bank of Cobden | — |
| Nov 4, 1937 | Commercial Bank & Trust Company | $853K |
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