Data / Bank failures / 1937 / The First National Bank of Lovelady
The First National Bank of Lovelady, Lovelady, TX: failed October 1, 1937
The First National Bank of Lovelady in Lovelady, Texas, failed on October 1, 1937. It held $78,000 in deposits.
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The FDIC's record
- Closed
- October 1, 1937
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total deposits
- $78,000
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
Other bank failures in Texas, 1935 to 1939
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Tatum State Bank | Tatum | May 2, 1939 | $47,000 | $17,000 | ||
| Farmers State Bank in Merkel | Merkel | February 3, 1939 | $183,000 | $131,000 | ||
| First State Bank | Marquez | January 16, 1939 | $87,000 | $46,000 | ||
| First State Bank | Elgin | January 9, 1939 | $347,000 | $287,000 | ||
| The First National Bank of Purdon | Purdon | February 12, 1938 | $63,000 | $36,000 | ||
| Ringgold State Bank | Ringgold | October 1, 1937 | $92,000 | $51,000 | ||
| First State Bank of South San Antonio | San Antonio | June 29, 1937 | $514,000 | $490,000 | ||
| Union State Bank and Trust Company | Bryan | June 16, 1937 | $359,000 | $302,000 |
All bank failures in 1937 · All bank failures in Texas · 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.