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Bank failure · NJ

Commonwealth Trust Company (Union City, NJ) — failed June 3, 1939

Commonwealth Trust Company of Union City, New Jersey was closed on June 3, 1939 and resolved through a p&a. 0 (0) took over its insured deposits.

Closing date
June 3, 1939
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1939

What happens when a bank fails