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Bank failure · NY

Mount Pleasant Bank & Trust Co. (Pleasantville, NY) — failed July 20, 1940

Mount Pleasant Bank & Trust Co. of Pleasantville, New York was closed on July 20, 1940 and resolved through a p&a. 0 (0) took over its insured deposits.

Closing date
July 20, 1940
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1940

What happens when a bank fails