Data / Bank failures / 1939 / The Hamilton Trust Company of Paterson
The Hamilton Trust Company of Paterson, Paterson, NJ: failed June 17, 1939
The Hamilton Trust Company of Paterson in Paterson, New Jersey, failed on June 17, 1939. It held $3.7 million in assets and $2.9 million in deposits at its last report. By assets it was the 2nd largest of 60 banks closed or assisted in 1939.
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The FDIC's record
- Closed
- June 17, 1939
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $3,734,000
- Total deposits
- $2,860,000
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
Other bank failures in New Jersey, 1937 to 1941
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Westfield Trust Company | Westfield | June 22, 1940 | $4.7 million | |||
| First State Bank of Scotch Plains | Scotch Plains | June 22, 1940 | $612,000 | |||
| The Swedesboro National Bank | Swedesboro | March 16, 1940 | $680,000 | |||
| Woodcliff Trust Company | North Bergen | February 3, 1940 | $1.5 million | |||
| Bankers Trust Company | Atlantic City | February 1, 1940 | $2.1 million | $986,000 | ||
| The Tuckerton Bank | Tuckerton | December 27, 1939 | $735,000 | $624,000 | ||
| The Egg Harbor Commercial Bank | Egg Harbor City | October 7, 1939 | $865,000 | |||
| Kearny National Bank | Kearny | June 30, 1939 | $3.1 million |
All bank failures in 1939 · All bank failures in New Jersey · 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.