Data / Bank failures / 1942 / Merchants Banking Trust Company
Merchants Banking Trust Company, Mahanoy, PA: failed September 12, 1942
Merchants Banking Trust Company in Mahanoy, Pennsylvania, failed on September 12, 1942. It held $859,000 in deposits.
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The FDIC's record
- Closed
- September 12, 1942
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total deposits
- $859,000
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
Other bank failures in Pennsylvania, 1940 to 1944
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The First National Bank of Susquehanna | Susquehanna | May 27, 1944 | $1.7 million | $1.5 million | ||
| First National BK & TR Co. of Easton | Easton | December 10, 1943 | $5.2 million | $4.2 million | ||
| Guarantee TR & Safe Dep. Co.-Mt.carmel | MT. Carmel | November 28, 1942 | $1.1 million | |||
| The Farmers National Bank of Selinsgrove | Selinsgrove | October 17, 1942 | $719,000 | |||
| Citizens Nat BK & TR Co. of Lehighton | Lehighton | August 1, 1942 | $1.1 million | |||
| The First National Bank of Lehighton | Lehighton | August 1, 1942 | $1.8 million | |||
| The First Nat BK & TR Co. of Dallastown | Dallastown | June 20, 1942 | $1.4 million | |||
| The Emmaus National Bank | Emmaus | April 25, 1942 | $1.4 million |
All bank failures in 1942 · All bank failures in Pennsylvania · 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.