Data / Bank failures / 1937 / Farmers & Merchants Bank
Farmers & Merchants Bank, Newbern, TN: failed July 17, 1937
Farmers & Merchants Bank in Newbern, Tennessee, failed on July 17, 1937. It held $264,000 in assets and $189,000 in deposits at its last report. By assets it was the 19th largest of 75 banks closed or assisted in 1937.
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The FDIC's record
- Closed
- July 17, 1937
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $264,000
- Total deposits
- $189,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Tennessee, 1935 to 1939
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Maynardville State Bank | Maynardville | December 11, 1939 | $218,000 | $186,000 | ||
| Ripley Savings Bank & Trust Company | Ripley | April 28, 1939 | $794,000 | $739,000 | ||
| Home Bank & Trust Company | Winchester | August 19, 1938 | $401,000 | $278,000 | ||
| Bethel Springs Bank | Bethel Springs | July 22, 1938 | $39,000 | |||
| Peoples Bank & Trust Company | Sparta | February 10, 1938 | $123,000 | |||
| Robbins Bank & Trust Company | Robbins | April 15, 1937 | $29,000 | |||
| Cross Plains Bank | Cross Plains | April 10, 1936 | $50,000 | $32,000 | ||
| Clifton State Bank | Clifton | March 27, 1936 | $30,000 | $22,000 |
All bank failures in 1937 · All bank failures in Tennessee · 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.