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Bank failure · NY

The First National Bank of Forestville (Forestville, NY) — failed November 1, 1941

The First National Bank of Forestville of Forestville, New York was closed on November 1, 1941 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $328K in assets and $303K in deposits.

Closing date
November 1, 1941
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1941

What happens when a bank fails