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Bank failure · ND

Burt State Bank (Burt, ND) — failed September 25, 1937

Burt State Bank of Burt, North Dakota was closed on September 25, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $63K in assets and $39K in deposits.

Closing date
September 25, 1937
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1937

What happens when a bank fails