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Bank failure · AR

Bank of Marion (Marion, AR) — failed February 7, 1938

Bank of Marion of Marion, Arkansas was closed on February 7, 1938 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $639K in assets and $554K in deposits.

Closing date
February 7, 1938
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1938

What happens when a bank fails