Bank Failure
MERCHANTS BANKING TRUST COMPANY
Closed September 12, 1942 · MAHANOY, PA.
- Closing date
- September 12, 1942
- Headquarters
- MAHANOY, PA
- Total deposits at closing
- $859,000
- Resolution type
- other
Context
On September 12, 1942, regulators closed MERCHANTS BANKING TRUST COMPANY, headquartered in MAHANOY, PA. 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 1942
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1942-11-28 | GUARANTEE TR & SAFE DEP. CO.-MT.CARMEL | MT. CARMEL, PA | — |
| 1942-11-18 | THE CITIZENS BANK OF LIBERTY | LIBERTY, MO | $258,000 |
| 1942-10-17 | THE FARMERS NATIONAL BANK OF SELINSGROVE | SELINSGROVE, PA | — |
| 1942-10-02 | FARMERS BANK | LONE ROCK, WI | $580,000 |
| 1942-08-29 | THE HARNEY COUNTY NATIONAL BANK OF BURNS | BURNS, OR | — |
| 1942-08-01 | THE FIRST NATIONAL BANK OF LEHIGHTON | LEHIGHTON, PA | — |
| 1942-08-01 | CITIZENS NAT BK & TR CO. OF LEHIGHTON | LEHIGHTON, PA | — |
| 1942-07-06 | FARMER'S AND MERCHANT'S BANK | COCHRANE, WI | $395,000 |
Explore: all failures · PA bank events · 1942 events · events hub