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Bank failure · GA

Bank of Ila (Ila, GA) — failed August 9, 1954

Bank of Ila of Ila, Georgia was closed on August 9, 1954 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $98K in assets and $60K in deposits.

Closing date
August 9, 1954
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1954

What happens when a bank fails