Bank Failure
Merchants & Farmers Bank
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Closed July 22, 1935 · Marietta, GA .
- Closing date
- July 22, 1935
- Headquarters
- Marietta, GA
- Total assets at closing
- $227K
- Total deposits at closing
- $132K
- 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 July 22, 1935, regulators closed Merchants & Farmers Bank, headquartered in Marietta, GA. At closing, the institution held approximately $227K in assets and $132K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3227th largest of the 3,526 bank failures in the FDIC record, and the 11th of 25 in 1935. 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 Merchants & Farmers Bank fail?
Merchants & Farmers Bank was closed by regulators on July 22, 1935.
How big was Merchants & Farmers Bank when it failed?
Merchants & Farmers Bank had approximately $227K in total assets and $132K in deposits at the time of failure.
Other failures in 1935
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 1935 | The Farmers Bank | $55K |
| Dec 14, 1935 | Livingston State Bank | $91K |
| Dec 7, 1935 | Friendship State Bank | $147K |
| Dec 5, 1935 | Farmers Bank of Charlton County | $287K |
| Nov 27, 1935 | Bank of Linden | $224K |
| Nov 26, 1935 | Lennon State Bank | $79K |
| Nov 18, 1935 | Presidio Valley Bank | $73K |
| Nov 16, 1935 | E. P. Wilbur Trust Company | — |
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