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Bank failure · LA

West Monroe State Bank (West Monroe, LA) — failed May 23, 1936

West Monroe State Bank of West Monroe, Louisiana was closed on May 23, 1936 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $520K in assets and $410K in deposits.

Closing date
May 23, 1936
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1936

What happens when a bank fails