TellerScore

Bank failure · NJ

First State Bank of Scotch Plains (Scotch Plains, NJ) — failed June 22, 1940

First State Bank of Scotch Plains of Scotch Plains, New Jersey was closed on June 22, 1940 and resolved through a p&a. 0 (0) took over its insured deposits.

Closing date
June 22, 1940
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1940

What happens when a bank fails