TellerScore

Bank failure · KY

Farmers Bank of Petersburg (Petersburg, KY) — failed June 25, 1970

Farmers Bank of Petersburg of Petersburg, Kentucky was closed on June 25, 1970 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $1.1M in assets and $1.3M in deposits.

Closing date
June 25, 1970
FDIC certificate #
13164
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1970

What happens when a bank fails