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Bank failure · OH

The Citizens Banking Company (Weston, OH) — failed June 11, 1949

The Citizens Banking Company of Weston, Ohio was closed on June 11, 1949 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $740K in assets and $742K in deposits.

Closing date
June 11, 1949
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

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What happens when a bank fails