# THE FARMERS NATIONAL BANK OF REMINGTON

> **Failed bank** · REMINGTON, IN · failed 1987-01-29 · National commercial bank (OCC-chartered) · FDIC cost $8M

## What happened

THE FARMERS NATIONAL BANK OF REMINGTON of REMINGTON, IN was closed by the OCC on **1987-01-29**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 1348
- **FDIC Certificate:** 4372
- **FDIC FIN:** 2638
- **Bank name:** THE FARMERS NATIONAL BANK OF REMINGTON
- **Location:** REMINGTON, IN
- **Failure date:** 1987-01-29
- **FDIC resolution date:** 1987-01-29
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $8M
- **Deposits at failure:** $33M
- **Assets at failure:** $35M
- **Acquiring bank:** LAFAYETTE NATIONAL BANK (LAFAYETTE, IN)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FARMERS NATIONAL BANK OF REMINGTON (FDIC ID 1348), failed 1987-01-29. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1348.

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