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Bank failure · VA

Augusta County Bank, Inc. (Churchville, VA) — failed September 14, 1946

Augusta County Bank, Inc. of Churchville, Virginia was closed on September 14, 1946 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $351K in assets and $316K in deposits.

Closing date
September 14, 1946
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

What happens when a bank fails