TellerScore

Bank failure · SD

Akaska State Bank (Akaska, SD) — failed February 18, 1937

Akaska State Bank of Akaska, South Dakota was closed on February 18, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $92K in assets and $62K in deposits.

Closing date
February 18, 1937
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1937

What happens when a bank fails