Data / Bank failures / 1937 / Peoples United Bank
Peoples United Bank, Southport, NC: failed December 2, 1937
Peoples United Bank in Southport, North Carolina, failed on December 2, 1937. It held $162,000 in deposits.
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The FDIC's record
- Closed
- December 2, 1937
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total deposits
- $162,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in North Carolina, 1935 to 1939
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Bank of Ashe | Jefferson | June 24, 1938 | $312,000 | |||
| Bank of Ellenboro | Ellenboro | April 9, 1938 | $54,000 | |||
| The Bank of Fremont | Fremont | January 29, 1938 | $341,000 |
All bank failures in 1937 · All bank failures in North Carolina · 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.