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Bank failure · TX

Central State Bank of Sherman (Sherman, TX) — failed December 31, 1936

Central State Bank of Sherman of Sherman, Texas was closed on December 31, 1936 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $312K in assets and $219K in deposits.

Closing date
December 31, 1936
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1936

What happens when a bank fails