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Bank failure · SD

Citizens State Bank of Andover (Andover, SD) — failed May 17, 1938

Citizens State Bank of Andover of Andover, South Dakota was closed on May 17, 1938 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $78K in assets and $48K in deposits.

Closing date
May 17, 1938
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1938

What happens when a bank fails