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Bank failure · KY

Bank of Moreland (Moreland, KY) — failed April 19, 1940

Bank of Moreland of Moreland, Kentucky was closed on April 19, 1940 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $142K in assets and $124K in deposits.

Closing date
April 19, 1940
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1940

What happens when a bank fails