TellerScore

Bank failure · ND

First State Bank (Kulm, ND) — failed March 14, 1938

First State Bank of Kulm, North Dakota was closed on March 14, 1938 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $212K in assets and $142K in deposits.

Closing date
March 14, 1938
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1938

What happens when a bank fails