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Bank failure · TX

Ringgold State Bank (Ringgold, TX) — failed October 1, 1937

Ringgold State Bank of Ringgold, Texas was closed on October 1, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $92K in assets and $51K in deposits.

Closing date
October 1, 1937
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1937

What happens when a bank fails