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Bank failure · KY

Bank of Milburn (Milburn, KY) — failed July 11, 1938

Bank of Milburn of Milburn, Kentucky was closed on July 11, 1938 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $79K in assets and $62K in deposits.

Closing date
July 11, 1938
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1938

What happens when a bank fails