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Bank failure · OK

The First State Bank (Cheyenne, OK) — failed March 25, 1935

The First State Bank of Cheyenne, Oklahoma was closed on March 25, 1935 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $427K in assets and $303K in deposits.

Closing date
March 25, 1935
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1935

What happens when a bank fails