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Bank failure · ND

State Bank of Bremen (Bremen, ND) — failed March 18, 1939

State Bank of Bremen of Bremen, North Dakota was closed on March 18, 1939 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $61K in assets and $28K in deposits.

Closing date
March 18, 1939
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1939

What happens when a bank fails