Bank Failure
The Rushville Banking Company
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Closed May 26, 1958 · Rushville, OH .
- Closing date
- May 26, 1958
- Headquarters
- Rushville, OH
- Total assets at closing
- $4.5M
- Total deposits at closing
- $4.1M
- 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 26, 1958, regulators closed The Rushville Banking Company, headquartered in Rushville, OH. At closing, the institution held approximately $4.5M in assets and $4.1M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3008th largest of the 3,526 bank failures in the FDIC record, and the 1st of 4 in 1958. 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 Rushville Banking Company fail?
The Rushville Banking Company was closed by regulators on May 26, 1958.
How big was The Rushville Banking Company when it failed?
The Rushville Banking Company had approximately $4.5M in total assets and $4.1M in deposits at the time of failure.
Other failures in 1958
| Date | Bank | Assets |
|---|---|---|
| Jul 17, 1958 | The Manufacturers' Bank of Edgewater | $2.4M |
| May 5, 1958 | Peoples State Bank | $618K |
| Mar 17, 1958 | The First National Bank of Halfway | $1.4M |
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