TellerScore

Bank failure · MI

The Morrice State Bank (Morrice, MI) — failed May 6, 1969

The Morrice State Bank of Morrice, Michigan was closed on May 6, 1969 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $2.3M in assets and $2.2M in deposits.

Closing date
May 6, 1969
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1969

What happens when a bank fails