TellerScore

Bank failure · NJ

Perth Amboy Trust Company (Perth Amboy, NJ) — failed October 2, 1937

Perth Amboy Trust Company of Perth Amboy, New Jersey was closed on October 2, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $2.9M in assets and $1.3M in deposits.

Closing date
October 2, 1937
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1937

What happens when a bank fails