Bank Failure
Cross Plains Bank
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Closed April 10, 1936 · Cross Plains, TN .
- Closing date
- April 10, 1936
- Headquarters
- Cross Plains, TN
- Total assets at closing
- $50K
- Total deposits at closing
- $32K
- 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 April 10, 1936, regulators closed Cross Plains Bank, headquartered in Cross Plains, TN. At closing, the institution held approximately $50K in assets and $32K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3365th largest of the 3,526 bank failures in the FDIC record, and the 39th of 69 in 1936. 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 Cross Plains Bank fail?
Cross Plains Bank was closed by regulators on April 10, 1936.
How big was Cross Plains Bank when it failed?
Cross Plains Bank had approximately $50K in total assets and $32K in deposits at the time of failure.
Other failures in 1936
| Date | Bank | Assets |
|---|---|---|
| Dec 31, 1936 | Central State Bank of Sherman | $312K |
| Dec 21, 1936 | Bank of Berthold | — |
| Dec 21, 1936 | First State Bank | — |
| Dec 21, 1936 | The Cummings State Bank | — |
| Dec 21, 1936 | Reservation State Bank | — |
| Dec 21, 1936 | First State Bank of Max | — |
| Dec 21, 1936 | First State Bank of Powers Lake | — |
| Dec 19, 1936 | Northern and Dakota Trust Company | — |
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