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AdvisedWang t1_jby8bc7 wrote on March 12, 2023 at 5:24 PM

Reply to comment by mvw2 in [OC] Bank Failures by US State since 2000 by pm_me_jupiter_photos

As the source is FDIC "failed" would mean "couldn't get the cash to pay withdrawals", which means the FDIC takes over, pays out insured balances, sells remaining assets, and then closes the bank.

[deleted] t1_jbyg34h wrote on March 12, 2023 at 6:17 PM

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