TellerScore

Bank failure · ND

First State Bank (Center, ND) — failed November 1, 1937

First State Bank of Center, North Dakota was closed on November 1, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $80K in assets and $52K in deposits.

Closing date
November 1, 1937
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1937

What happens when a bank fails