Bank failure · NJ
Margate Trust Company (Margate City, NJ) — failed April 2, 1938
Margate Trust Company of Margate City, New Jersey was closed on April 2, 1938 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $702K in assets and $367K in deposits.
- Closing date
- April 2, 1938
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC
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