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Bank failure · IL

First State Bank of Cobden (Cobden, IL) — failed November 24, 1937

First State Bank of Cobden of Cobden, Illinois was closed on November 24, 1937 and resolved through a p&a. 0 (0) took over its insured deposits.

Closing date
November 24, 1937
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1937

What happens when a bank fails