Bank failure · PA

Bank of America Trust Co. (Pittsburgh, PA) — failed April 19, 1934

Bank of America Trust Co. of Pittsburgh, Pennsylvania was closed on April 19, 1934 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $1.4M in assets and $1.1M in deposits.

Closing date: April 19, 1934
Resolution: Payout (deposit payoff) (failure)
Acquiring institution: 0
Insurance fund: FDIC

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What happens when a bank fails