Data / Bank failures / 1937 / Farmers & Merchants Trust Bank
Farmers & Merchants Trust Bank, Cape Charles, VA: failed May 22, 1937
Farmers & Merchants Trust Bank in Cape Charles, Virginia, failed on May 22, 1937. It held $844,000 in deposits.
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The FDIC's record
- Closed
- May 22, 1937
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total deposits
- $844,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Virginia, 1935 to 1939
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Parksley National Bank | Parksley | May 18, 1939 | $279,000 | $182,000 | ||
| Merchants' and Mechanics' Savings Bank of Norfolk | Norfolk | March 26, 1938 | $2.9 million | |||
| Bank of Northampton, Incorporated | Nassawadox | March 3, 1938 | $300,000 | |||
| Peoples Bank of Bloxom, Inc. | Bloxom | July 19, 1937 | $101,000 | $63,000 | ||
| The National Bank of Herndon | Herndon | January 9, 1935 | $387,000 | $384,000 |
All bank failures in 1937 · All bank failures in Virginia · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.