Bank Failure
Augusta County Bank, Inc.
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Closed September 14, 1946 · Churchville, VA .
- Closing date
- September 14, 1946
- Headquarters
- Churchville, VA
- Total assets at closing
- $351K
- Total deposits at closing
- $316K
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On September 14, 1946, regulators closed Augusta County Bank, Inc., headquartered in Churchville, VA. At closing, the institution held approximately $351K in assets and $316K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3191st largest of the 3,526 bank failures in the FDIC record, and the 1st of 1 in 1946. It falls in the period the record labels Postwar Stability (1945-1979), a period with 161 failures peaking at 16 in 1976.
Three decades of regulated calm — Reg Q ceilings, geographic branching limits, and high industry profits kept failures rare.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Augusta County Bank, Inc. fail?
Augusta County Bank, Inc. was closed by regulators on September 14, 1946.
How big was Augusta County Bank, Inc. when it failed?
Augusta County Bank, Inc. had approximately $351K in total assets and $316K in deposits at the time of failure.
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