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Bank failure · PA

Mayfield State Bank (Mayfield, PA) — failed February 13, 1953

Mayfield State Bank of Mayfield, Pennsylvania was closed on February 13, 1953 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $1.4M in assets and $1.3M in deposits.

Closing date
February 13, 1953
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1953

What happens when a bank fails