Bank failure · IN
Farmers & Merchants State Bank (Spencerville, IN) — failed October 8, 1949
Farmers & Merchants State Bank of Spencerville, Indiana was closed on October 8, 1949 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $354K in assets and $437K in deposits.
- Closing date
- October 8, 1949
- Resolution
- P&A (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC