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Bank failure · NE

Bank of Salem (Salem, NE) — failed April 5, 1971

Bank of Salem of Salem, Nebraska was closed on April 5, 1971 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $679K in assets and $606K in deposits.

Closing date
April 5, 1971
FDIC certificate #
8332
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1971

What happens when a bank fails