FARMERS STATE BANK Failed 1985
What happened
FARMERS STATE BANK of RISING CITY, NE was closed on 1985-08-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNION BANK&TRUST CO (LINCOLN, NE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1043
- FDIC Certificate
- 11828
- FDIC FIN
- 2485
- Bank name
- FARMERS STATE BANK
- Location
- RISING CITY, NE
- Failure date
- 1985-08-02
- FDIC resolution date
- 1985-08-02
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $12M
- Assets at failure
- $13M
- Acquiring bank
- UNION BANK&TRUST CO (LINCOLN, NE)
Other banks UNION BANK&TRUST CO acquired in FDIC resolutions