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Bank failure · IL

The Farmers First National Bank of Minooka (Minooka, IL) — failed August 14, 1950

The Farmers First National Bank of Minooka of Minooka, Illinois was closed on August 14, 1950 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $1.3M in assets and $1.4M in deposits.

Closing date
August 14, 1950
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1950

What happens when a bank fails