Data / Bank failures / 1939 / The Trust Company of New Jersey
The Trust Company of New Jersey, Jersey City, NJ: failed April 20, 1939
The Trust Company of New Jersey in Jersey City, New Jersey, failed on April 20, 1939. It held $48.8 million in deposits.
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The FDIC's record
- Closed
- April 20, 1939
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total deposits
- $48,822,000
- Charter
- State nonmember bank (FDIC)
- 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.