TellerScore

Bank failure · KY

Bank of Sturgis (Sturgis, KY) — failed July 3, 1937

Bank of Sturgis of Sturgis, Kentucky was closed on July 3, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $246K in assets and $213K in deposits.

Closing date
July 3, 1937
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1937

What happens when a bank fails