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Bank failure · FL

Southern Bank of St. Petersburg (St. Petersburg, FL) — failed February 17, 1967

Southern Bank of St. Petersburg of St. Petersburg, Florida was closed on February 17, 1967 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $2.9M in assets and $2.5M in deposits.

Closing date
February 17, 1967
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1967

What happens when a bank fails