# FARMERS STATE BANK

> **Failed bank** · MADDOCK, ND · failed 1987-05-08 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

FARMERS STATE BANK of MADDOCK, ND was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $12M
- **Assets at failure:** $12M
- **Acquiring bank:** RAMSEY NB&T CO DEVILS LA (DEVILS LAKE, ND)

## 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 1430), failed 1987-05-08. Retrieved via AI Analytics 2026-07-04 from https://api.ai-analytics.org/failed-bank/1430.

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