Bank Failure
Fon Du Lac State Bank
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Closed May 28, 1934 ยท East Peoria, IL .
- Closing date
- May 28, 1934
- Headquarters
- East Peoria, IL
- Total assets at closing
- $374K
- Total deposits at closing
- $238K
- 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 May 28, 1934, regulators closed Fon Du Lac State Bank, headquartered in East Peoria, IL. At closing, the institution held approximately $374K in assets and $238K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3186th largest of the 3,526 bank failures in the FDIC record, and the 2nd of 9 in 1934. It falls in the period the record labels Early FDIC Era (1934-1944), a period with 397 failures peaking at 75 in 1937.
FDIC's first decade after the 1933 Banking Act. Failures fell sharply once deposit insurance restored confidence.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Fon Du Lac State Bank fail?
Fon Du Lac State Bank was closed by regulators on May 28, 1934.
How big was Fon Du Lac State Bank when it failed?
Fon Du Lac State Bank had approximately $374K in total assets and $238K in deposits at the time of failure.
Other failures in 1934
| Date | Bank | Assets |
|---|---|---|
| Nov 16, 1934 | The State Bank | $195K |
| Oct 13, 1934 | Pickens County Bank | $243K |
| Oct 11, 1934 | Farmers & Traders Bank | $46K |
| Sep 13, 1934 | Farmers State Bank of Bongards | $91K |
| Aug 6, 1934 | Bank of Lewisport | $81K |
| Jul 18, 1934 | Florence Deposit Bank | $105K |
| Jul 18, 1934 | First National Bank of Lima | $91K |
| Apr 19, 1934 | Bank of America Trust Co. | $1.4M |
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