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Bank failure · TX

First State Bank of Yorktown (Yorktown, TX) — failed April 10, 1957

First State Bank of Yorktown of Yorktown, Texas was closed on April 10, 1957 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $1.3M in assets and $1.2M in deposits.

Closing date
April 10, 1957
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

What happens when a bank fails