# FARMERS STATE BANK

> **Failed bank** · HART, TX · failed 1987-02-26 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

FARMERS STATE BANK of HART, TX was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $10M
- **Assets at failure:** $10M
- **Acquiring bank:** HALE COUNTY STATE BANK (PLAINVIEW, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FARMERS STATE BANK (FDIC ID 1370), failed 1987-02-26. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/1370.

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