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Bank failure · SD

The First National Bank of Centerville (Centerville, SD) — failed December 18, 1936

The First National Bank of Centerville of Centerville, South Dakota was closed on December 18, 1936 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $569K in assets and $506K in deposits.

Closing date
December 18, 1936
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1936

What happens when a bank fails