# FARMERS STATE BANK

> **Failed bank** · SARGENT, NE · failed 1985-12-19 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

FARMERS STATE BANK of SARGENT, NE was closed by regulators on **1985-12-19**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST NATIONAL BANK IN O** (ORD, NE). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1121
- **FDIC Certificate:** 16732
- **FDIC FIN:** 2524
- **Bank name:** FARMERS STATE BANK
- **Location:** SARGENT, NE
- **Failure date:** 1985-12-19
- **FDIC resolution date:** 1985-12-19
- **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:** $2M
- **Deposits at failure:** $11M
- **Assets at failure:** $12M
- **Acquiring bank:** FIRST NATIONAL BANK IN O (ORD, NE)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FARMERS STATE BANK (FDIC ID 1121), failed 1985-12-19. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1121.

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