# THE GERING NATIONAL BANK & TRUST

> **Failed bank** · GERING, NE · failed 1986-07-31 · National commercial bank (OCC-chartered) · FDIC cost $20M

## What happened

THE GERING NATIONAL BANK & TRUST of GERING, NE was closed by the OCC on **1986-07-31**. The FDIC was named receiver.

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

Deposits were transferred to **SCOTTSBLUFF NB&T CO** (SCOTTSBLUFF, NE). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1245
- **FDIC Certificate:** 5409
- **FDIC FIN:** 2585
- **Bank name:** THE GERING NATIONAL BANK & TRUST
- **Location:** GERING, NE
- **Failure date:** 1986-07-31
- **FDIC resolution date:** 1986-07-31
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $20M
- **Deposits at failure:** $71M
- **Assets at failure:** $70M
- **Acquiring bank:** SCOTTSBLUFF NB&T CO (SCOTTSBLUFF, NE)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20GERING%20NATIONAL%20BANK%20%26%20TRUST

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE GERING NATIONAL BANK & TRUST (FDIC ID 1245), failed 1986-07-31. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1245.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*