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Bank failure · TX

First State Bank of South San Antonio (San Antonio, TX) — failed June 29, 1937

First State Bank of South San Antonio of San Antonio, Texas was closed on June 29, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $514K in assets and $490K in deposits.

Closing date
June 29, 1937
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1937

What happens when a bank fails