FARMERS STATE BANK Failed 1986
What happened
FARMERS STATE BANK of LUEDERS, TX was closed on 1986-12-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FARMERS&MERCHANTS NB MER (MERKEL, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1328
- FDIC Certificate
- 11936
- FDIC FIN
- 2627
- Bank name
- FARMERS STATE BANK
- Location
- LUEDERS, TX
- Failure date
- 1986-12-19
- FDIC resolution date
- 1986-12-19
- 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.)
- $3M
- Deposits at failure
- $9M
- Assets at failure
- $10M
- Acquiring bank
- FARMERS&MERCHANTS NB MER (MERKEL, TX)
Other banks FARMERS&MERCHANTS NB MER acquired in FDIC resolutions