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See the dividend information for closed banks. Select a bank and see how much of the uninsured amount was paid to depositors, or select "All Banks" and sort by
by oldgradstudent 4y ago
See the dividend information for closed banks. Select a bank and see how much of the uninsured amount was paid to depositors, or select "All Banks" and sort by "Total Paid".
https://closedbanks.fdic.gov/dividends/ https://closedbanks.fdic.gov/dividends/
The FDIC does a very good job, and if the bank is closed early the chances of recovery are high.
During the S&L crisis there were plenty of such cases. That result in a lot of tragedies. A customer whose spouse has just died and they haven't had the chance to move money from to another account often lost half of their net worth.
Take any book on the period and you'll find many examples. I'd recommend The Best Way to Rob a Bank is to Own One by William K. Black.
Edit: In the dividend list, look for the latest information for any bank. It sometimes takes a decade for the last payment to be paid.