Bank failure · IN

Florence Deposit Bank (Florence, IN) — failed July 18, 1934

Florence Deposit Bank of Florence, Indiana was closed on July 18, 1934 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $105K in assets and $69K in deposits.

Closing date: July 18, 1934
Resolution: Payout (deposit payoff) (failure)
Acquiring institution: 0
Insurance fund: FDIC

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Fon Du Lac State Bank IL
Bank of America Trust Co. PA

What happens when a bank fails