THE FARMERS STATE BANK OF BARRY COUNTY, EX Failed 1985
What happened
THE FARMERS STATE BANK OF BARRY COUNTY, EX of EXETER, MO was closed on 1985-12-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SECURITY BANK OF SW MO (EXETER, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1116
- FDIC Certificate
- 12460
- FDIC FIN
- 2520
- Bank name
- THE FARMERS STATE BANK OF BARRY COUNTY, EX
- Location
- EXETER, MO
- Failure date
- 1985-12-13
- FDIC resolution date
- 1985-12-13
- 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.)
- $1M
- Deposits at failure
- $4M
- Assets at failure
- $4M
- Acquiring bank
- SECURITY BANK OF SW MO (EXETER, MO)