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Bank failure · KS

The First National Bank of Burlingame (Burlingame, KS) — failed November 19, 1940

The First National Bank of Burlingame of Burlingame, Kansas was closed on November 19, 1940 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $301K in assets and $256K in deposits.

Closing date
November 19, 1940
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1940

What happens when a bank fails