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Data / Bank failures / 1937

US bank failures in 1937: 75 banks closed

75 banks failed in 1937, holding $19.3 million in assets and $32.8 million in deposits. The FDIC estimates the cost to its insurance fund at $0. The largest: Perth Amboy Trust Company ($2.9 million), The Fort Greene National Bank in New York ($2.4 million), The Taylor National Bank of Campbellsville ($1.7 million). Most by state: MO 13, ND 7, SD 7, TX 6, IL 5.

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BankCityStateClosedAssetsDepositsEstimated costAcquirer
First Nat BK & TR Co. of ManhassetManhassetNYDecember 20, 1937$1.2 million
Big Falls State BankBig FallsWIDecember 17, 1937$103,000$85,000
Peoples United BankSouthportNCDecember 2, 1937$162,000
Nevada Trust CompanyNevadaMODecember 2, 1937$242,000$189,000
Sterling State BankSterlingNDNovember 30, 1937$121,000$84,000
Loganville State BankLoganvilleWINovember 27, 1937$489,000
First State Bank of CobdenCobdenILNovember 24, 1937$52,000
Bank of SwiftonSwiftonARNovember 19, 1937$208,000$157,000
Commercial Bank & Trust CompanyUnion CityINNovember 4, 1937$853,000$733,000
Bank of AlbaAlbaMONovember 1, 1937$97,000$79,000
First State BankCenterNDNovember 1, 1937$80,000$52,000
Carter County Commercial BankOlive HillKYOctober 30, 1937$139,000$109,000
Farmers & Merchants Bank of ElginElginNDOctober 30, 1937$57,000$35,000
First State BankBarbourvilleKYOctober 29, 1937$425,000$391,000
Farmers State BankWyndmereNDOctober 23, 1937$100,000$72,000
The Nescopeck National BankNescopeckPAOctober 22, 1937$397,000$329,000
The Little Ferry National BankLittle FerryNJOctober 22, 1937$744,000
The First National Bank in BurlingtonBurlingtonIAOctober 20, 1937$3.6 million
State Bank of MundeleinMundeleinILOctober 18, 1937$522,000
Farmers State Bank of CarlisleCarlisleMNOctober 7, 1937$99,000$82,000
The Raritan Trust CompanyPerth AmboyNJOctober 2, 1937$707,000$365,000
Perth Amboy Trust CompanyPerth AmboyNJOctober 2, 1937$2.9 million$1.3 million
The First National Bank of Perth AmboyPerth AmboyNJOctober 2, 1937$3.7 million
The First National Bank of LoveladyLoveladyTXOctober 1, 1937$78,000
Ringgold State BankRinggoldTXOctober 1, 1937$92,000$51,000
Westwood Trust CompanyWestwoodNJSeptember 30, 1937$648,000
Burt State BankBurtNDSeptember 25, 1937$63,000$39,000
The Bank of GalenaGalenaMOSeptember 14, 1937$93,000$76,000
Stoneham Trust CompanyStonehamMASeptember 11, 1937$809,000
Roanoke State BankRoanokeILSeptember 8, 1937$265,000$280,000
Farmers Bank & Trust CompanyCharles TownWVAugust 31, 1937$1.3 million$1.4 million
Farmers and Merchants BankBrillionWIAugust 21, 1937$159,000
The Fort Greene National Bank in New YorkBrooklynNYAugust 14, 1937$2.4 million$2 million
The First National Bank of AlbertvilleAlbertvilleALAugust 12, 1937$428,000
The Bank of NoelNoelMOAugust 11, 1937$135,000$108,000
Kochan Banking CompanyMaysvilleMOAugust 5, 1937$173,000
First Bank & Trust Company of HamiltonHamiltonMOJuly 24, 1937$698,000$544,000
Michigan City Trust & Savings BankMichigan CityINJuly 20, 1937$983,000
Peoples Bank of Bloxom, Inc.BloxomVAJuly 19, 1937$101,000$63,000
Farmers & Merchants BankNewbernTNJuly 17, 1937$264,000$189,000
Farmers State Bank of BainvilleBainvilleMTJuly 13, 1937$104,000$54,000
Chattooga County BankSummervilleGAJuly 13, 1937$265,000$205,000
Bank of AnuttAnuttMOJuly 12, 1937$33,000
American BankHigginsvilleMOJuly 3, 1937$206,000
Bank of SturgisSturgisKYJuly 3, 1937$246,000$213,000
The Taylor National Bank of CampbellsvilleCampbellsvilleKYJune 30, 1937$1.7 million$914,000
First State Bank of South San AntonioSan AntonioTXJune 29, 1937$514,000$490,000
Ghent Deposit BankGhentKYJune 26, 1937$223,000$189,000
Amite River BankDenham SpringsLAJune 23, 1937$308,000$248,000
Hardin Trust CompanyHardinMOJune 18, 1937$259,000$225,000
The State Bank of MarcellusMarcellusMIJune 17, 1937$95,000$64,000
The First National Bank of PukwanaPukwanaSDJune 16, 1937$127,000
Union State Bank and Trust CompanyBryanTXJune 16, 1937$359,000$302,000
The Romney BankRomneyINJune 15, 1937$64,000$56,000
Coloma State BankColomaWIJune 14, 1937$94,000$79,000
The First National Bank of Mahanoy CityMahanoy CityPAJune 5, 1937$2.1 million
Carroll Exchange BankCarrolltonMOMay 29, 1937$787,000
The Farmers National Bank of GrayvilleGrayvilleILMay 27, 1937$258,000
Farmers & Merchants Trust BankCape CharlesVAMay 22, 1937$844,000
The Citizens BankBucklinMOMay 1, 1937$157,000$141,000
ST. Onge State BankST. OngeSDApril 30, 1937$81,000$61,000
Whitewood Banking CompanyWhitewoodSDApril 29, 1937$124,000$88,000
Bank of EurekaEurekaMOApril 23, 1937$70,000$57,000
Robbins Bank & Trust CompanyRobbinsTNApril 15, 1937$29,000
First State BankArlingtonTXApril 12, 1937$719,000$720,000
Texas State Bank and Trust CompanyCorpus ChristiTXApril 8, 1937$628,000$419,000
First International BankNoonanNDApril 3, 1937$192,000$139,000
Rio State BankRioILMarch 26, 1937$384,000$329,000
The First National Bank of IsmayIsmayMTFebruary 20, 1937$83,000
The Citizens State Bank of LebanonLebanonSDFebruary 20, 1937$154,000$112,000
Akaska State BankAkaskaSDFebruary 18, 1937$92,000$62,000
Farmers State BankCorsicaSDFebruary 18, 1937$205,000$164,000
Farmers Bank of TrentonTrentonMOFebruary 10, 1937$335,000$323,000
Sargent County BankFormanNDJanuary 14, 1937$154,000
Bank of HoughtonHoughtonSDJanuary 12, 1937$82,000$50,000

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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.