TellerScore

Bank failure · ND

German State Bank of Beulah (Beulah, ND) — failed May 31, 1938

German State Bank of Beulah of Beulah, North Dakota was closed on May 31, 1938 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $122K in assets and $100K in deposits.

Closing date
May 31, 1938
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1938

What happens when a bank fails