FARMERS STATE BANK Failed 1987
What happened
FARMERS STATE BANK of HART, TX was closed on 1987-02-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HALE COUNTY STATE BANK (PLAINVIEW, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1370
- FDIC Certificate
- 17947
- FDIC FIN
- 2650
- Bank name
- FARMERS STATE BANK
- Location
- HART, TX
- Failure date
- 1987-02-26
- FDIC resolution date
- 1987-02-26
- 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.)
- $1M
- Deposits at failure
- $10M
- Assets at failure
- $10M
- Acquiring bank
- HALE COUNTY STATE BANK (PLAINVIEW, TX)