Bank failure · TN
Farmers & Merchants Bank (Newbern, TN) — failed July 17, 1937
Farmers & Merchants Bank of Newbern, Tennessee was closed on July 17, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $264K in assets and $189K in deposits.
- Closing date
- July 17, 1937
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC
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