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Bank failure · FL

Bank of Malone (Malone, FL) — failed March 31, 1942

Bank of Malone of Malone, Florida was closed on March 31, 1942 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $149K in assets and $140K in deposits.

Closing date
March 31, 1942
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1942

What happens when a bank fails