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Bank failure · NY

The State Exchange Bank (Holley, NY) — failed November 23, 1940

The State Exchange Bank of Holley, New York was closed on November 23, 1940 and resolved through a p&a. 0 (0) took over its insured deposits.

Closing date
November 23, 1940
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1940

What happens when a bank fails