TellerScore

Bank failure · IL

Rio State Bank (Rio, IL) — failed March 26, 1937

Rio State Bank of Rio, Illinois was closed on March 26, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $384K in assets and $329K in deposits.

Closing date
March 26, 1937
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1937

What happens when a bank fails