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Bank failure · TX

Guaranty Bond State Bank (North Zulch, TX) — failed January 4, 1940

Guaranty Bond State Bank of North Zulch, Texas was closed on January 4, 1940 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $169K in assets and $119K in deposits.

Closing date
January 4, 1940
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1940

What happens when a bank fails