Bank Failure
The Farmers Bank
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Closed December 16, 1935 · West Louisville, KY .
- Closing date
- December 16, 1935
- Headquarters
- West Louisville, KY
- Total assets at closing
- $55K
- Total deposits at closing
- $37K
- 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 16, 1935, regulators closed The Farmers Bank, headquartered in West Louisville, KY. At closing, the institution held approximately $55K in assets and $37K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3362nd largest of the 3,526 bank failures in the FDIC record, and the 23rd 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 The Farmers Bank fail?
The Farmers Bank was closed by regulators on December 16, 1935.
How big was The Farmers Bank when it failed?
The Farmers Bank had approximately $55K in total assets and $37K in deposits at the time of failure.
Other failures in 1935
| Date | Bank | Assets |
|---|---|---|
| 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 | — |
| Oct 23, 1935 | Buna State Bank | $47K |
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