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Bank failure · OK

The American National Bank of Pryor Creek (Pryor, OK) — failed November 20, 1948

The American National Bank of Pryor Creek of Pryor, Oklahoma was closed on November 20, 1948 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $1.8M in assets and $1.9M in deposits.

Closing date
November 20, 1948
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1948

What happens when a bank fails