Bank Failure
Bank of Pine Apple
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Closed January 31, 1967 · Pine Apple, AL .
- Closing date
- January 31, 1967
- Headquarters
- Pine Apple, AL
- Total assets at closing
- $4.3M
- Total deposits at closing
- $3.9M
- 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 January 31, 1967, regulators closed Bank of Pine Apple, headquartered in Pine Apple, AL. At closing, the institution held approximately $4.3M in assets and $3.9M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3019th largest of the 3,526 bank failures in the FDIC record, and the 1st of 4 in 1967. 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 Pine Apple fail?
Bank of Pine Apple was closed by regulators on January 31, 1967.
How big was Bank of Pine Apple when it failed?
Bank of Pine Apple had approximately $4.3M in total assets and $3.9M in deposits at the time of failure.
Other failures in 1967
| Date | Bank | Assets |
|---|---|---|
| Jul 7, 1967 | The Cedar Vale National Bank | $4.1M |
| Jun 23, 1967 | Sacul State Bank | $762K |
| Feb 17, 1967 | Southern Bank of St. Petersburg | $2.9M |
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