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Bank failure · LA

Desoto Bank and Trust Company (Mansfield, LA) — failed October 9, 1936

Desoto Bank and Trust Company of Mansfield, Louisiana was closed on October 9, 1936 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $1.2M in assets and $996K in deposits.

Closing date
October 9, 1936
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1936

What happens when a bank fails