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Bank failure · TX

First State Bank (Covington, TX) — failed April 5, 1965

First State Bank of Covington, Texas was closed on April 5, 1965 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $606K in assets and $488K in deposits.

Closing date
April 5, 1965
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1965

What happens when a bank fails