Bank failure · MI
The Westphalia State Bank (Westphalia, MI) — failed April 3, 1950
The Westphalia State Bank of Westphalia, Michigan was closed on April 3, 1950 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $744K in assets and $1.1M in deposits.
- Closing date
- April 3, 1950
- Resolution
- P&A (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC