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Bank failure · PA

The Franklin Trust Co. (Franklin, PA) — failed December 22, 1941

The Franklin Trust Co. of Franklin, Pennsylvania was closed on December 22, 1941 and resolved through a p&a. 0 (0) took over its insured deposits.

Closing date
December 22, 1941
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1941

What happens when a bank fails