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Bank failure · SD

Hudson State Bank (Hudson, SD) — failed July 12, 1938

Hudson State Bank of Hudson, South Dakota was closed on July 12, 1938 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $254K in assets and $209K in deposits.

Closing date
July 12, 1938
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1938

What happens when a bank fails