Bank failure · NC

Bank of Black Mountain (Black Moutain, NC) — failed March 18, 1943

Bank of Black Mountain of Black Moutain, North Carolina was closed on March 18, 1943 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $855K in assets and $767K in deposits.

Closing date: March 18, 1943
Resolution: Payout (deposit payoff) (failure)
Acquiring institution: 0
Insurance fund: FDIC

Other failures in 1943

First National Bk & Tr Co. of Easton PA
The Jefferson County Nat Bk -Watertown NY
Farmers State Bank of Cullom IL
The Poultney National Bank VT

What happens when a bank fails