TellerScore

Bank failure · IN

Mackey State Bank (Mackey, IN) — failed May 9, 1940

Mackey State Bank of Mackey, Indiana was closed on May 9, 1940 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $40K in assets and $25K in deposits.

Closing date
May 9, 1940
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1940

What happens when a bank fails