MARGATE TRUST COMPANY Failed 1938
What happened
MARGATE TRUST COMPANY of MARGATE CITY, NJ was closed on 1938-04-02. The FDIC was named receiver.
Resolution: PO
Deposits were transferred to 0 (0, 0). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 203
- FDIC FIN
- 0
- Bank name
- MARGATE TRUST COMPANY
- Location
- MARGATE CITY, NJ
- Failure date
- 1938-04-02
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- PO
- Deposits at failure
- $0M
- Assets at failure
- $1M
- Acquiring bank
- 0 (0, 0)
Other banks 0 acquired in FDIC resolutions
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- NEW CITY BANK (CHICAGO, IL) — failed 2012-03-09
- HOME SAVINGS OF AMERICA (LITTLE FALLS, MN) — failed 2012-02-24
- FIRSTIER BANK (LOUISVILLE, CO) — failed 2011-01-28
- ENTERPRISE BANKING COMPANY (MCDONOUGH, GA) — failed 2011-01-21
- FIRST ARIZONA SAVINGS, A FSB (SCOTTSDALE, AZ) — failed 2010-10-22
- IDEAL FEDERAL SAVINGS BANK (BALTIMORE, MD) — failed 2010-07-09
- ARCOLA HOMESTEAD SAVINGS BANK (ARCOLA, IL) — failed 2010-06-04