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Bank failure · VA

The National Bank of Herndon (Herndon, VA) — failed January 9, 1935

The National Bank of Herndon of Herndon, Virginia was closed on January 9, 1935 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $387K in assets and $384K in deposits.

Closing date
January 9, 1935
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1935

What happens when a bank fails