Data / Bank failures / 1938 / Peoples Bank & Trust Company
Peoples Bank & Trust Company, Sparta, TN: failed February 10, 1938
Peoples Bank & Trust Company in Sparta, Tennessee, failed on February 10, 1938. It held $123,000 in deposits.
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The FDIC's record
- Closed
- February 10, 1938
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total deposits
- $123,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Tennessee, 1936 to 1940
| 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 | |||
| Farmers & Merchants Bank | Newbern | July 17, 1937 | $264,000 | $189,000 | ||
| 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 1938 · 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.