FARMERS STATE BANK Failed 1987

MADDOCK, ND · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

FARMERS STATE BANK of MADDOCK, ND was closed on 1987-05-08. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to RAMSEY NB&T CO DEVILS LA (DEVILS LAKE, ND). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1430
FDIC Certificate
9426
FDIC FIN
6858
Bank name
FARMERS STATE BANK
Location
MADDOCK, ND
Failure date
1987-05-08
FDIC resolution date
1987-05-08
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Insured Deposit Transfer — insured deposits transferred to another bank
FDIC DIF cost (est.)
$1M
Deposits at failure
$12M
Assets at failure
$12M
Acquiring bank
RAMSEY NB&T CO DEVILS LA (DEVILS LAKE, ND)