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Bank failure · TX

Blanket State Bank (Blanket, TX) — failed January 31, 1966

Blanket State Bank of Blanket, Texas was closed on January 31, 1966 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $1.3M in assets and $1.2M in deposits.

Closing date
January 31, 1966
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1966

What happens when a bank fails