Bank failure · SC

Peoples Bank of Donalds (Donalds, SC) — failed November 29, 1947

Peoples Bank of Donalds of Donalds, South Carolina was closed on November 29, 1947 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $762K in assets and $713K in deposits.

Closing date: November 29, 1947
Resolution: P&A (failure)
Acquiring institution: 0
Insurance fund: FDIC

Other failures in 1947

Lyons State Bank WI
The Central City National Bank PA
The First National Bank of Lemont IL
The First National Bank of Evanston WY

What happens when a bank fails