Bank Failure
The Cedar Vale National Bank
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Closed July 7, 1967 · Cedar Vale, KS .
- Closing date
- July 7, 1967
- Headquarters
- Cedar Vale, KS
- Total assets at closing
- $4.1M
- Total deposits at closing
- $3.8M
- 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 July 7, 1967, regulators closed The Cedar Vale National Bank, headquartered in Cedar Vale, KS. At closing, the institution held approximately $4.1M in assets and $3.8M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3029th largest of the 3,526 bank failures in the FDIC record, and the 2nd 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 The Cedar Vale National Bank fail?
The Cedar Vale National Bank was closed by regulators on July 7, 1967.
How big was The Cedar Vale National Bank when it failed?
The Cedar Vale National Bank had approximately $4.1M in total assets and $3.8M in deposits at the time of failure.
Other failures in 1967
| Date | Bank | Assets |
|---|---|---|
| Jun 23, 1967 | Sacul State Bank | $762K |
| Feb 17, 1967 | Southern Bank of St. Petersburg | $2.9M |
| Jan 31, 1967 | Bank of Pine Apple | $4.3M |
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