Bank Failure
Pickens County Bank
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Closed October 13, 1934 ยท Jasper, GA .
- Closing date
- October 13, 1934
- Headquarters
- Jasper, GA
- Total assets at closing
- $243K
- Total deposits at closing
- $210K
- 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 October 13, 1934, regulators closed Pickens County Bank, headquartered in Jasper, GA. At closing, the institution held approximately $243K in assets and $210K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3222nd largest of the 3,526 bank failures in the FDIC record, and the 3rd of 9 in 1934. 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 Pickens County Bank fail?
Pickens County Bank was closed by regulators on October 13, 1934.
How big was Pickens County Bank when it failed?
Pickens County Bank had approximately $243K in total assets and $210K in deposits at the time of failure.
Other failures in 1934
| Date | Bank | Assets |
|---|---|---|
| Nov 16, 1934 | The State Bank | $195K |
| Oct 11, 1934 | Farmers & Traders Bank | $46K |
| Sep 13, 1934 | Farmers State Bank of Bongards | $91K |
| Aug 6, 1934 | Bank of Lewisport | $81K |
| Jul 18, 1934 | Florence Deposit Bank | $105K |
| Jul 18, 1934 | First National Bank of Lima | $91K |
| May 28, 1934 | Fon Du Lac State Bank | $374K |
| Apr 19, 1934 | Bank of America Trust Co. | $1.4M |
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