Bank failure · VA

Crown Savings Bank (Newport News, VA) — failed September 4, 1964

Crown Savings Bank of Newport News, Virginia was closed on September 4, 1964 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $7.9M in assets and $7.0M in deposits.

Closing date: September 4, 1964
Resolution: Payout (deposit payoff) (failure)
Acquiring institution: 0
Insurance fund: FDIC

Other failures in 1964

Nebraska St Bank of Valentine, Nebraska NE
Frontier Bank CA
Belleview Valley Bank MO
First State Bank TX
The State Savings Bank of Minden City MI
The First National Bank of Marlin TX

What happens when a bank fails