Word: eatontown
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Dates: during 1970-1979
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Harriet Peltzman Eatontown...
...dramatic example occurred in 1970 when Eatontown National Bank in New Jersey, the victim of a multimillion-dollar embezzlement, was closed by Government order, then invaded by a score of banking agents. When anxious depositors phoned the bank, they heard an operator greet them with "FDIC." Eventually $13.5 million was handed out to 9,904 depositors...