Bank failure · GA

Pickens County Bank (Jasper, GA) — failed October 13, 1934

Pickens County Bank of Jasper, Georgia was closed on October 13, 1934 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $243K in assets and $210K in deposits.

Closing date: October 13, 1934
Resolution: Payout (deposit payoff) (failure)
Acquiring institution: 0
Insurance fund: FDIC

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What happens when a bank fails