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Bank failure · SD

Farmers & Merchants Bank (Revillo, SD) — failed April 21, 1936

Farmers & Merchants Bank of Revillo, South Dakota was closed on April 21, 1936 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $128K in assets and $89K in deposits.

Closing date
April 21, 1936
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1936

What happens when a bank fails