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Bank failure · SD

The Citizens State Bank of Lebanon (Lebanon, SD) — failed February 20, 1937

The Citizens State Bank of Lebanon of Lebanon, South Dakota was closed on February 20, 1937 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $154K in assets and $112K in deposits.

Closing date
February 20, 1937
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1937

What happens when a bank fails