TellerScore

Bank failure · ME

Frontier Trust Company (Fort Fairfield, ME) — failed October 3, 1955

Frontier Trust Company of Fort Fairfield, Maine was closed on October 3, 1955 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $6.0M in assets and $5.5M in deposits.

Closing date
October 3, 1955
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1955

What happens when a bank fails