Bank failure · VI

The Peoples Bank of the Virgin Islands (Charlotte Amalie, VI) — failed October 24, 1975

The Peoples Bank of the Virgin Islands of Charlotte Amalie, U.S. Virgin Islands was closed on October 24, 1975 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $14.9M in assets and $14.3M in deposits.

Closing date: October 24, 1975
FDIC certificate #: 20465
Resolution: Payout (deposit payoff) (failure)
Acquiring institution: 0
Insurance fund: FDIC

Other failures in 1975

The First State Bank of Jennings KS
The Peoples Bank AZ
American City Bank & Trust Company, N.A. WI
Astro Bank TX
State Bank of Clearing IL
Bank of Chidester AR
Bank of Picayune MS
Algoma Bank WI
Chicopee Bank & Trust Company MA
Franklin Bank TX
Northern Ohio Bank OH
Swope Parkway National Bank MO

What happens when a bank fails