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Bank failure · NY

The First National Bank of Roosevelt (Roosevelt, NY) — failed November 26, 1938

The First National Bank of Roosevelt of Roosevelt, New York was closed on November 26, 1938 and resolved through a p&a. 0 (0) took over its insured deposits.

Closing date
November 26, 1938
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1938

What happens when a bank fails