Bank Failure
The Farmers Bank
Closed May 2, 1935 · Royston, GA .
- Closing date
- May 2, 1935
- Headquarters
- Royston, GA
- Total assets at closing
- $166K
- Total deposits at closing
- $108K
- Estimated loss to DIF
- Not published (the FDIC feed carries no estimate for this failure)
- Resolution
- Failure (closed by regulators)
Context
On May 2, 1935, regulators closed The Farmers Bank, headquartered in Royston, GA. At closing, the institution held approximately $166K in assets and $108K in deposits. The FDIC resolved the institution without a single-acquirer transaction.
By assets at closing this is the 3258th largest of the 3,524 bank failures in the FDIC record, and the 13th 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 May 2, 1935.
How big was The Farmers Bank when it failed?
The Farmers Bank had approximately $166K in total assets and $108K 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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