Bank failure · GA

Bank of Ochlochnee (Ochlochnee, GA) — failed September 7, 1961

Bank of Ochlochnee of Ochlochnee, Georgia was closed on September 7, 1961 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $984K in assets and $872K in deposits.

Closing date: September 7, 1961
Resolution: Payout (deposit payoff) (failure)
Acquiring institution: 0
Insurance fund: FDIC

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What happens when a bank fails