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Bank failure · TX

Malone State Bank (Malone, TX) — failed February 25, 1965

Malone State Bank of Malone, Texas was closed on February 25, 1965 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $589K in assets and $524K in deposits.

Closing date
February 25, 1965
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1965

What happens when a bank fails