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Bank failure · TX

Texas State Bank and Trust Company (Corpus Christi, TX) — failed April 8, 1937

Texas State Bank and Trust Company of Corpus Christi, Texas was closed on April 8, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $628K in assets and $419K in deposits.

Closing date
April 8, 1937
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1937

What happens when a bank fails