Data / Bank failures / 1937 / The State Bank of Marcellus
The State Bank of Marcellus, Marcellus, MI: failed June 17, 1937
The State Bank of Marcellus in Marcellus, Michigan, failed on June 17, 1937. It held $95,000 in assets and $64,000 in deposits at its last report. By assets it was the 39th largest of 75 banks closed or assisted in 1937.
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The FDIC's record
- Closed
- June 17, 1937
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $95,000
- Total deposits
- $64,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Michigan, 1935 to 1939
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Trout Creek State Bank | Trout Creek | January 28, 1938 | $46,000 | $22,000 | ||
| The First National Bank & Trust Co. | Ann Arbor | February 15, 1936 | $1.7 million | |||
| The Ann Arbor Savings Bank | Ann Arbor | February 15, 1936 | $6.8 million | |||
| Farmers & Mechanics Bank | Ann Arbor | February 15, 1936 | $3.7 million | |||
| Lennon State Bank | Lennon | November 26, 1935 | $79,000 | $74,000 |
All bank failures in 1937 · All bank failures in Michigan · 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.