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Bank failure · MD

Savings Bank of Nanticoke (Nanticoke, MD) — failed October 4, 1940

Savings Bank of Nanticoke of Nanticoke, Maryland was closed on October 4, 1940 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $190K in assets and $159K in deposits.

Closing date
October 4, 1940
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1940

What happens when a bank fails