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Bank failure · WI

The Farmers State Bank (Cato, WI) — failed September 15, 1939

The Farmers State Bank of Cato, Wisconsin was closed on September 15, 1939 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $97K in assets and $82K in deposits.

Closing date
September 15, 1939
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1939

What happens when a bank fails