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Bank failure · IN

The Lucerne State Bank (Lucerne, IN) — failed June 22, 1940

The Lucerne State Bank of Lucerne, Indiana was closed on June 22, 1940 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $195K in assets and $166K in deposits.

Closing date
June 22, 1940
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1940

What happens when a bank fails