Posted 2/21/2026 17:30 (#11560078 - in reply to #11559926) Subject: RE: Bank closed during the depression
North Central US
German Shepherd - 2/21/2026 14:19
So it looks like the words "Sound-Safe-Conservative" didn't hold true. Bank failures prior to FDR establishing FDIC insurance in 1933 for banks to cover depositors were a serious problem. One can only imagine how devastating it was to lose your life savings as the depression continued.
The FDIC didn't save them all. There were a few banks that failed after that got going and took out quite a few people around here. You can find most of them today as they have bank accounts in 4+ different places anymore still.
Bank closed during the depression
