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Bank failure · KY

Providence Citizens Bank (Providence, KY) — failed September 1, 1939

Providence Citizens Bank of Providence, Kentucky was closed on September 1, 1939 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $306K in assets and $251K in deposits.

Closing date
September 1, 1939
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1939

What happens when a bank fails