Bank failure · ND
Farmers & Merchants Bank of Elgin (Elgin, ND) — failed October 30, 1937
Farmers & Merchants Bank of Elgin of Elgin, North Dakota was closed on October 30, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $57K in assets and $35K in deposits.
- Closing date
- October 30, 1937
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC
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