Bank Failure
BANKERS TRUST COMPANY
Closed February 1, 1940 · ATLANTIC CITY, NJ.
- Closing date
- February 1, 1940
- Headquarters
- ATLANTIC CITY, NJ
- Total assets at closing
- $2,131,000
- Total deposits at closing
- $986,000
- Resolution type
- other
Context
On February 1, 1940, regulators closed BANKERS TRUST COMPANY, headquartered in ATLANTIC CITY, NJ. At closing, the institution held approximately $2,131,000 in assets and $986,000 in deposits. The FDIC resolved the institution without a single-acquirer transaction.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1940
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1940-12-04 | THE AMERICAN NAT BK OF SANTA MONICA | SANTA MONICA, CA | — |
| 1940-11-23 | THE STATE EXCHANGE BANK | HOLLEY, NY | — |
| 1940-11-19 | THE FIRST NATIONAL BANK OF BURLINGAME | BURLINGAME, KS | $301,000 |
| 1940-10-25 | BANK OF EAGLE | EAGLE, WI | $457,000 |
| 1940-10-04 | SAVINGS BANK OF NANTICOKE | NANTICOKE, MD | $190,000 |
| 1940-09-18 | THE BANK OF LESLIE | LESLIE, GA | $141,000 |
| 1940-09-14 | FIRST CITIZENS BANK & TRUST CO. OF UTICA | UTICA, NY | — |
| 1940-08-24 | MT. UNION STATE BANK | MT. UNION, IA | — |
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