Data / Bank failures / 1937 / Chattooga County Bank
Chattooga County Bank, Summerville, GA: failed July 13, 1937
Chattooga County Bank in Summerville, Georgia, failed on July 13, 1937. It held $265,000 in assets and $205,000 in deposits at its last report. By assets it was the 18th largest of 75 banks closed or assisted in 1937.
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The FDIC's record
- Closed
- July 13, 1937
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $265,000
- Total deposits
- $205,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Georgia, 1935 to 1939
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Bank of Eton | Eton | October 12, 1938 | $29,000 | |||
| Merchants & Farmers Bank | Marietta | July 22, 1935 | $227,000 | $132,000 | ||
| Bank of Grantville | Grantville | July 20, 1935 | $91,000 | $48,000 | ||
| The Farmers Bank | Royston | May 2, 1935 | $166,000 | $108,000 |
All bank failures in 1937 · All bank failures in Georgia · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.