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Bank failure · OK

The Capitol Hill State Bank (Oklahoma City, OK) — failed July 29, 1960

The Capitol Hill State Bank of Oklahoma City, Oklahoma was closed on July 29, 1960 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $7.5M in assets and $7.0M in deposits.

Closing date
July 29, 1960
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

What happens when a bank fails