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Bank failure · ND

First State Bank (Turtle Lake, ND) — failed April 19, 1938

First State Bank of Turtle Lake, North Dakota was closed on April 19, 1938 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $186K in assets and $144K in deposits.

Closing date
April 19, 1938
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1938

What happens when a bank fails