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Bank failure · IA

Mt. Union State Bank (Mt. Union, IA) — failed August 24, 1940

Mt. Union State Bank of Mt. Union, Iowa was closed on August 24, 1940 and resolved through a p&a. 0 (0) took over its insured deposits.

Closing date
August 24, 1940
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1940

What happens when a bank fails