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Bank failure · MI

Public Bank (Detroit, MI) — failed October 12, 1966

Public Bank of Detroit, Michigan was closed on October 12, 1966 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $110.1M in assets and $93.0M in deposits.

Closing date
October 12, 1966
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1966

What happens when a bank fails