Bank Failure
Commercial Bank of Liberty
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Closed November 25, 1939 · Liberty, KY .
- Closing date
- November 25, 1939
- Headquarters
- Liberty, KY
- Total assets at closing
- $548K
- Total deposits at closing
- $502K
- 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 25, 1939, regulators closed Commercial Bank of Liberty, headquartered in Liberty, KY. At closing, the institution held approximately $548K in assets and $502K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3165th largest of the 3,526 bank failures in the FDIC record, and the 7th of 60 in 1939. 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 Commercial Bank of Liberty fail?
Commercial Bank of Liberty was closed by regulators on November 25, 1939.
How big was Commercial Bank of Liberty when it failed?
Commercial Bank of Liberty had approximately $548K in total assets and $502K in deposits at the time of failure.
Other failures in 1939
| Date | Bank | Assets |
|---|---|---|
| Dec 27, 1939 | The Tuckerton Bank | $735K |
| Dec 11, 1939 | Maynardville State Bank | $218K |
| Dec 6, 1939 | The State Bank of Liebenthal | $60K |
| Dec 4, 1939 | The Yonkers National Bank & Trust Co. | — |
| Nov 25, 1939 | The Farmers State Bank | — |
| Oct 7, 1939 | The Egg Harbor Commercial Bank | — |
| Oct 3, 1939 | Security State Bank | $121K |
| Sep 15, 1939 | The Farmers State Bank | $97K |
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