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Bank failure · TX

First State Bank (Dell City, TX) — failed July 4, 1964

First State Bank of Dell City, Texas was closed on July 4, 1964 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $1.2M in assets and $1.1M in deposits.

Closing date
July 4, 1964
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1964

What happens when a bank fails