75 failures · $19.3 million in assets
Bank failures in 1937
75 insured banks failed in 1937, up from 69 in 1936. Together they reported $19.3 million in assets, with no estimated loss recorded. The largest was Perth Amboy Trust Company of Perth Amboy, New Jersey, at $2.9 million. Missouri led with 13 failures, ahead of South Dakota with 7.
Week by week
- $1 billion or more
- $100 million to $1 billion
- under $100 million
Where they failed
Failures by state in 1937: Missouri 13, South Dakota 7, North Dakota 7, Texas 6, Illinois 5, Kentucky 5, New Jersey 5, Wisconsin 4, Indiana 3, Montana 2, Tennessee 2, Virginia 2 and others.
Explore
Filter and sort the 1937 failures by state, size or loss. Other years: 1936 · 1938.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| January 12, 1937 | Bank of Houghton | Houghton, SD | $82 thousand | not estimated |
| January 14, 1937 | Sargent County Bank | Forman, ND | not reported | not estimated |
| February 10, 1937 | Farmers Bank of Trenton | Trenton, MO | $335 thousand | not estimated |
| February 18, 1937 | Farmers State Bank | Corsica, SD | $205 thousand | not estimated |
| February 18, 1937 | Akaska State Bank | Akaska, SD | $92 thousand | not estimated |
| February 20, 1937 | The Citizens State Bank of Lebanon | Lebanon, SD | $154 thousand | not estimated |
| February 20, 1937 | The First National Bank of Ismay | Ismay, MT | not reported | not estimated |
| March 26, 1937 | Rio State Bank | Rio, IL | $384 thousand | not estimated |
| April 3, 1937 | First International Bank | Noonan, ND | $192 thousand | not estimated |
| April 8, 1937 | Texas State Bank and Trust Company | Corpus Christi, TX | $628 thousand | not estimated |
| April 12, 1937 | First State Bank | Arlington, TX | $719 thousand | not estimated |
| April 15, 1937 | Robbins Bank & Trust Company | Robbins, TN | not reported | not estimated |
| April 23, 1937 | Bank of Eureka | Eureka, MO | $70 thousand | not estimated |
| April 29, 1937 | Whitewood Banking Company | Whitewood, SD | $124 thousand | not estimated |
| April 30, 1937 | St. Onge State Bank | St. Onge, SD | $81 thousand | not estimated |
| May 1, 1937 | The Citizens Bank | Bucklin, MO | $157 thousand | not estimated |
| May 22, 1937 | Farmers & Merchants Trust Bank | Cape Charles, VA | not reported | not estimated |
| May 27, 1937 | The Farmers National Bank of Grayville | Grayville, IL | not reported | not estimated |
| May 29, 1937 | Carroll Exchange Bank | Carrollton, MO | not reported | not estimated |
| June 5, 1937 | The First National Bank of Mahanoy City | Mahanoy City, PA | not reported | not estimated |
| June 14, 1937 | Coloma State Bank | Coloma, WI | $94 thousand | not estimated |
| June 15, 1937 | The Romney Bank | Romney, IN | $64 thousand | not estimated |
| June 16, 1937 | Union State Bank and Trust Company | Bryan, TX | $359 thousand | not estimated |
| June 16, 1937 | The First National Bank of Pukwana | Pukwana, SD | not reported | not estimated |
| June 17, 1937 | The State Bank of Marcellus | Marcellus, MI | $95 thousand | not estimated |
| June 18, 1937 | Hardin Trust Company | Hardin, MO | $259 thousand | not estimated |
| June 23, 1937 | Amite River Bank | Denham Springs, LA | $308 thousand | not estimated |
| June 26, 1937 | Ghent Deposit Bank | Ghent, KY | $223 thousand | not estimated |
| June 29, 1937 | First State Bank of South San Antonio | San Antonio, TX | $514 thousand | not estimated |
| June 30, 1937 | The Taylor National Bank of Campbellsville | Campbellsville, KY | $1.7 million | not estimated |
| July 3, 1937 | Bank of Sturgis | Sturgis, KY | $246 thousand | not estimated |
| July 3, 1937 | American Bank | Higginsville, MO | not reported | not estimated |
| July 12, 1937 | Bank of Anutt | Anutt, MO | not reported | not estimated |
| July 13, 1937 | Chattooga County Bank | Summerville, GA | $265 thousand | not estimated |
| July 13, 1937 | Farmers State Bank of Bainville | Bainville, MT | $104 thousand | not estimated |
| July 17, 1937 | Farmers & Merchants Bank | Newbern, TN | $264 thousand | not estimated |
| July 19, 1937 | Peoples Bank of Bloxom, Inc. | Bloxom, VA | $101 thousand | not estimated |
| July 20, 1937 | Michigan City Trust & Savings Bank | Michigan City, IN | not reported | not estimated |
| July 24, 1937 | First Bank & Trust Company of Hamilton | Hamilton, MO | $698 thousand | not estimated |
| August 5, 1937 | Kochan Banking Company | Maysville, MO | not reported | not estimated |
| August 11, 1937 | The Bank of Noel | Noel, MO | $135 thousand | not estimated |
| August 12, 1937 | The First National Bank of Albertville | Albertville, AL | not reported | not estimated |
| August 14, 1937 | The Fort Greene National Bank in New York | Brooklyn, NY | $2.4 million | not estimated |
| August 21, 1937 | Farmers and Merchants Bank | Brillion, WI | not reported | not estimated |
| August 31, 1937 | Farmers Bank & Trust Company | Charles Town, WV | $1.3 million | not estimated |
| September 8, 1937 | Roanoke State Bank | Roanoke, IL | $265 thousand | not estimated |
| September 11, 1937 | Stoneham Trust Company | Stoneham, MA | not reported | not estimated |
| September 14, 1937 | The Bank of Galena | Galena, MO | $93 thousand | not estimated |
| September 25, 1937 | Burt State Bank | Burt, ND | $63 thousand | not estimated |
| September 30, 1937 | Westwood Trust Company | Westwood, NJ | not reported | not estimated |
| October 1, 1937 | Ringgold State Bank | Ringgold, TX | $92 thousand | not estimated |
| October 1, 1937 | The First National Bank of Lovelady | Lovelady, TX | not reported | not estimated |
| October 2, 1937 | Perth Amboy Trust Company | Perth Amboy, NJ | $2.9 million | not estimated |
| October 2, 1937 | The Raritan Trust Company | Perth Amboy, NJ | $707 thousand | not estimated |
| October 2, 1937 | The First National Bank of Perth Amboy | Perth Amboy, NJ | not reported | not estimated |
| October 7, 1937 | Farmers State Bank of Carlisle | Carlisle, MN | $99 thousand | not estimated |
| October 18, 1937 | State Bank of Mundelein | Mundelein, IL | not reported | not estimated |
| October 20, 1937 | The First National Bank in Burlington | Burlington, IA | not reported | not estimated |
| October 22, 1937 | The Nescopeck National Bank | Nescopeck, PA | $397 thousand | not estimated |
| October 22, 1937 | The Little Ferry National Bank | Little Ferry, NJ | not reported | not estimated |
| October 23, 1937 | Farmers State Bank | Wyndmere, ND | $100 thousand | not estimated |
| October 29, 1937 | First State Bank | Barbourville, KY | $425 thousand | not estimated |
| October 30, 1937 | Carter County Commercial Bank | Olive Hill, KY | $139 thousand | not estimated |
| October 30, 1937 | Farmers & Merchants Bank of Elgin | Elgin, ND | $57 thousand | not estimated |
| November 1, 1937 | Bank of Alba | Alba, MO | $97 thousand | not estimated |
| November 1, 1937 | First State Bank | Center, ND | $80 thousand | not estimated |
| November 4, 1937 | Commercial Bank & Trust Company | Union City, IN | $853 thousand | not estimated |
| November 19, 1937 | Bank of Swifton | Swifton, AR | $208 thousand | not estimated |
| November 24, 1937 | First State Bank of Cobden | Cobden, IL | not reported | not estimated |
| November 27, 1937 | Loganville State Bank | Loganville, WI | not reported | not estimated |
| November 30, 1937 | Sterling State Bank | Sterling, ND | $121 thousand | not estimated |
| December 2, 1937 | Nevada Trust Company | Nevada, MO | $242 thousand | not estimated |
| December 2, 1937 | Peoples United Bank | Southport, NC | not reported | not estimated |
| December 17, 1937 | Big Falls State Bank | Big Falls, WI | $103 thousand | not estimated |
| December 20, 1937 | First Nat Bk & Tr Co. of Manhasset | Manhasset, NY | not reported | not estimated |