Data / Bank failures / 1937 / Michigan City Trust & Savings Bank
Michigan City Trust & Savings Bank, Michigan City, IN: failed July 20, 1937
Michigan City Trust & Savings Bank in Michigan City, Indiana, failed on July 20, 1937. It held $983,000 in deposits.
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The FDIC's record
- Closed
- July 20, 1937
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total deposits
- $983,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Indiana, 1935 to 1939
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Fulton State Bank | Fulton | March 18, 1939 | $168,000 | $137,000 | ||
| The ST. Joseph Loan & Trust Company | South Bend | February 16, 1939 | $3.2 million | |||
| ST. Joseph County Savings Bank | South Bend | February 16, 1939 | $1.6 million | |||
| The Borden State Bank | Borden | March 18, 1938 | $165,000 | $135,000 | ||
| Commercial Bank & Trust Company | Union City | November 4, 1937 | $853,000 | $733,000 | ||
| The Romney Bank | Romney | June 15, 1937 | $64,000 | $56,000 | ||
| The Union State Bank | Crothersville | December 7, 1936 | $248,000 | $207,000 | ||
| Scottsburg State Bank | Scottsburg | December 5, 1936 | $563,000 | $491,000 |
All bank failures in 1937 · All bank failures in Indiana · 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.