TellerScore

Bank failure · SD

Bank of Houghton (Houghton, SD) — failed January 12, 1937

Bank of Houghton of Houghton, South Dakota was closed on January 12, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $82K in assets and $50K in deposits.

Closing date
January 12, 1937
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1937

What happens when a bank fails