Bank Failure
Nevada Trust Company
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Closed December 2, 1937 · Nevada, MO .
- Closing date
- December 2, 1937
- Headquarters
- Nevada, MO
- Total assets at closing
- $242K
- Total deposits at closing
- $189K
- 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 December 2, 1937, regulators closed Nevada Trust Company, headquartered in Nevada, MO. At closing, the institution held approximately $242K in assets and $189K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3223rd largest of the 3,526 bank failures in the FDIC record, and the 22nd of 75 in 1937. 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 Nevada Trust Company fail?
Nevada Trust Company was closed by regulators on December 2, 1937.
How big was Nevada Trust Company when it failed?
Nevada Trust Company had approximately $242K in total assets and $189K in deposits at the time of failure.
Other failures in 1937
| Date | Bank | Assets |
|---|---|---|
| Dec 20, 1937 | First Nat BK & TR Co. of Manhasset | — |
| Dec 17, 1937 | Big Falls State Bank | $103K |
| Dec 2, 1937 | Peoples United Bank | — |
| Nov 30, 1937 | Sterling State Bank | $121K |
| Nov 27, 1937 | Loganville State Bank | — |
| Nov 24, 1937 | First State Bank of Cobden | — |
| Nov 19, 1937 | Bank of Swifton | $208K |
| Nov 4, 1937 | Commercial Bank & Trust Company | $853K |
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