# CARDWELL STATE BANK

> **Failed bank** · CARDWELL, MO · failed 1985-08-28 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

CARDWELL STATE BANK of CARDWELL, MO was closed by regulators on **1985-08-28**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **MERCHANTS&PLANTERS BK HO** (HORNERSVILLE, MO). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1057
- **FDIC Certificate:** 16084
- **FDIC FIN:** 2493
- **Bank name:** CARDWELL STATE BANK
- **Location:** CARDWELL, MO
- **Failure date:** 1985-08-28
- **FDIC resolution date:** 1985-08-28
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $6M
- **Assets at failure:** $6M
- **Acquiring bank:** MERCHANTS&PLANTERS BK HO (HORNERSVILLE, MO)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CARDWELL%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CARDWELL STATE BANK (FDIC ID 1057), failed 1985-08-28. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/failed-bank/1057.

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