Bank Failure
The Tuckerton Bank
BankRegReports is independent of The Tuckerton Bank and never asks for online banking logins or passwords.
Closed December 27, 1939 · Tuckerton, NJ .
- Closing date
- December 27, 1939
- Headquarters
- Tuckerton, NJ
- Total assets at closing
- $735K
- Total deposits at closing
- $624K
- 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 27, 1939, regulators closed The Tuckerton Bank, headquartered in Tuckerton, NJ. At closing, the institution held approximately $735K in assets and $624K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3146th largest of the 3,526 bank failures in the FDIC record, and the 6th of 60 in 1939. 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 Tuckerton Bank fail?
The Tuckerton Bank was closed by regulators on December 27, 1939.
How big was The Tuckerton Bank when it failed?
The Tuckerton Bank had approximately $735K in total assets and $624K in deposits at the time of failure.
Other failures in 1939
| Date | Bank | Assets |
|---|---|---|
| Dec 11, 1939 | Maynardville State Bank | $218K |
| Dec 6, 1939 | The State Bank of Liebenthal | $60K |
| Dec 4, 1939 | The Yonkers National Bank & Trust Co. | — |
| Nov 25, 1939 | Commercial Bank of Liberty | $548K |
| Nov 25, 1939 | The Farmers State Bank | — |
| Oct 7, 1939 | The Egg Harbor Commercial Bank | — |
| Oct 3, 1939 | Security State Bank | $121K |
| Sep 15, 1939 | The Farmers State Bank | $97K |
Explore: all failures · NJ bank events · 1939 events · events hub