Bank Failure
Bank of Ochlochnee
BankRegReports is independent of Bank of Ochlochnee and never asks for online banking logins or passwords.
Closed September 7, 1961 · Ochlochnee, GA .
- Closing date
- September 7, 1961
- Headquarters
- Ochlochnee, GA
- Total assets at closing
- $984K
- Total deposits at closing
- $872K
- 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 7, 1961, regulators closed Bank of Ochlochnee, headquartered in Ochlochnee, GA. At closing, the institution held approximately $984K in assets and $872K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3125th largest of the 3,526 bank failures in the FDIC record, and the 4th of 5 in 1961. 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 Bank of Ochlochnee fail?
Bank of Ochlochnee was closed by regulators on September 7, 1961.
How big was Bank of Ochlochnee when it failed?
Bank of Ochlochnee had approximately $984K in total assets and $872K in deposits at the time of failure.
Other failures in 1961
| Date | Bank | Assets |
|---|---|---|
| Dec 30, 1961 | First State Bank | $1.9M |
| Dec 19, 1961 | The First National Bank of Maud | $1.6M |
| Aug 11, 1961 | Bank of Earlsboro | $962K |
| Jan 16, 1961 | The Sheldon National Bank | $4.4M |
Explore: all failures · GA bank events · 1961 events · events hub