The Graveyard › Banks › 1971
Bank of Salem
Salem, NE · failed April 5, 1971 · FDIC certificate 8332
Bank of Salem of Salem, NE failed on April 5, 1971. It opened in 1884, 87 years before. At its last report before that it held $679,000 in assets and $606,000 in deposits. The FDIC's list gives no estimate of the loss: the FDIC says its figures are not complete for its own cases before 1986 or for FSLIC cases from 1934 to 1988.
Assets at the end$679,000last report before April 5, 1971
Deposits at the end$606,000
Estimated loss to the fundnot givenFDIC
Also ended in 1971
- Birmingham Bloomfield Bank · Birmingham, MI · $109.7 million in assets
- Sharpstown State Bank · Houston, TX · $78.9 million in assets
- First Community State Bank of Savannah · Savannah · $3.7 million in assets
- Farmers State Bank of Carlock · Carlock, IL · $2.2 million in assets
- The First National Bank of Cripple Creek · Cripple Creek, CO · $1.3 million in assets
- Unity Bank & Trust Company · Boston (Roxbury) · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.