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Bank failure · IL

First National Bank of Ursa (Ursa, IL) — failed August 20, 1969

First National Bank of Ursa of Ursa, Illinois was closed on August 20, 1969 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $2.1M in assets and $1.8M in deposits.

Closing date
August 20, 1969
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1969

What happens when a bank fails