Data / Bank failures / 1937 / The Raritan Trust Company
The Raritan Trust Company, Perth Amboy, NJ: failed October 2, 1937
The Raritan Trust Company in Perth Amboy, New Jersey, failed on October 2, 1937. It held $707,000 in assets and $365,000 in deposits at its last report. By assets it was the 7th largest of 75 banks closed or assisted in 1937.
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The FDIC's record
- Closed
- October 2, 1937
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $707,000
- Total deposits
- $365,000
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
Other bank failures in New Jersey, 1935 to 1939
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 | |||
| West Hudson County Trust Company | Harrison | June 30, 1939 | $5.8 million | |||
| Pleasantville Trust Company | Pleasantville | June 30, 1939 | $1.1 million | $936,000 | ||
| The Hamilton Trust Company of Paterson | Paterson | June 17, 1939 | $3.7 million | $2.9 million | ||
| Merchants Trust Company | Union City | June 3, 1939 | $5.6 million | |||
| Commonwealth Trust Company | Union City | June 3, 1939 | $5.8 million |
All bank failures in 1937 · 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.