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Bank failure · TX

First State Bank (Arlington, TX) — failed April 12, 1937

First State Bank of Arlington, Texas was closed on April 12, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $719K in assets and $720K in deposits.

Closing date
April 12, 1937
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1937

What happens when a bank fails