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Bank failure · TX

Peoples State Bank (Richland Springs, TX) — failed May 5, 1958

Peoples State Bank of Richland Springs, Texas was closed on May 5, 1958 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $618K in assets and $574K in deposits.

Closing date
May 5, 1958
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1958

What happens when a bank fails