Bank failure · CA

Frontier Bank (Covelo, CA) — failed July 31, 1964

Frontier Bank of Covelo, California was closed on July 31, 1964 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $2.6M in assets and $2.3M in deposits.

Closing date: July 31, 1964
Resolution: Payout (deposit payoff) (failure)
Acquiring institution: 0
Insurance fund: FDIC

Other failures in 1964

Nebraska St Bank of Valentine, Nebraska NE
Crown Savings Bank VA
Belleview Valley Bank MO
First State Bank TX
The State Savings Bank of Minden City MI
The First National Bank of Marlin TX

What happens when a bank fails