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Bank failure · ND

Sterling State Bank (Sterling, ND) — failed November 30, 1937

Sterling State Bank of Sterling, North Dakota was closed on November 30, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $121K in assets and $84K in deposits.

Closing date
November 30, 1937
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1937

What happens when a bank fails