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Bank failure · GA

Chattooga County Bank (Summerville, GA) — failed July 13, 1937

Chattooga County Bank of Summerville, Georgia was closed on July 13, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $265K in assets and $205K in deposits.

Closing date
July 13, 1937
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1937

What happens when a bank fails