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Bank failure · VT

Winooski Savings Bank (Winooski, VT) — failed July 28, 1938

Winooski Savings Bank of Winooski, Vermont was closed on July 28, 1938 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $4.0M in assets and $2.5M in deposits.

Closing date
July 28, 1938
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1938

What happens when a bank fails