MISSOURI FARMERS BANK Failed 1986
What happened
MISSOURI FARMERS BANK of MOUND CITY, MO was closed on 1986-10-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNITED MO BANK OF ST JOS (ST. JOSEPH, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1283
- FDIC Certificate
- 14957
- FDIC FIN
- 2603
- Bank name
- MISSOURI FARMERS BANK
- Location
- MOUND CITY, MO
- Failure date
- 1986-10-02
- FDIC resolution date
- 1986-10-02
- 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.)
- $7M
- Deposits at failure
- $25M
- Assets at failure
- $26M
- Acquiring bank
- UNITED MO BANK OF ST JOS (ST. JOSEPH, MO)
Other banks UNITED MO BANK OF ST JOS acquired in FDIC resolutions