# BANK OF PANAMA

> **Failed bank** · PANAMA, NE · failed 1985-12-19 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

BANK OF PANAMA of PANAMA, 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 **FARMERS STATE BANK** (DOUGLAS, NE). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1122
- **FDIC Certificate:** 18726
- **FDIC FIN:** 2523
- **Bank name:** BANK OF PANAMA
- **Location:** PANAMA, 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:** $1M
- **Deposits at failure:** $4M
- **Assets at failure:** $4M
- **Acquiring bank:** FARMERS STATE BANK (DOUGLAS, NE)

## Other banks FARMERS STATE BANK has acquired in FDIC resolutions

- THE FIRST NATIONAL BANK OF WORTH (WORTHAM, TX) — failed 1991-02-14 — /failed-bank/3017
- THE GARNETT S & L ASSOC. (GARNETT, KS) — failed 1989-12-07 — /failed-bank/2579
- THE FALUN STATE BANK (FALUN, KS) — failed 1987-12-29 — /failed-bank/1586
- THE BANK OF RED OAK (RED OAK, OK) — failed 1983-12-16 — /failed-bank/840

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF PANAMA (FDIC ID 1122), failed 1985-12-19. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/1122.

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