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Bank failure · TX

Tatum State Bank (Tatum, TX) — failed May 2, 1939

Tatum State Bank of Tatum, Texas was closed on May 2, 1939 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $47K in assets and $17K in deposits.

Closing date
May 2, 1939
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1939

What happens when a bank fails