Data / Bank failures / 1950 / The Bank of Aurora
The Bank of Aurora, Aurora, NC: failed July 24, 1950
The Bank of Aurora in Aurora, North Carolina, failed on July 24, 1950. It held $1.3 million in assets and $991,000 in deposits at its last report. By assets it was the 2nd largest of 4 banks closed or assisted in 1950.
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The FDIC's record
- Closed
- July 24, 1950
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $1,291,000
- Total deposits
- $991,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
All bank failures in 1950 · All bank failures in North Carolina · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.