# CROFTON STATE BANK

> **Failed bank** · CROFTON, NE · failed 1987-12-03 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

CROFTON STATE BANK of CROFTON, NE was closed by regulators on **1987-12-03**. The FDIC was named receiver.

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

Deposits were transferred to **FARMERS&MERCHANTS STB BL** (BLOOMFIELD, NE). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1566
- **FDIC Certificate:** 16449
- **FDIC FIN:** 2754
- **Bank name:** CROFTON STATE BANK
- **Location:** CROFTON, NE
- **Failure date:** 1987-12-03
- **FDIC resolution date:** 1987-12-03
- **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:** $2M
- **Deposits at failure:** $11M
- **Assets at failure:** $12M
- **Acquiring bank:** FARMERS&MERCHANTS STB BL (BLOOMFIELD, NE)

## Other banks FARMERS&MERCHANTS STB BL has acquired in FDIC resolutions

- CENTER STATE BANK (CENTER, NE) — failed 1987-12-03 — /failed-bank/1565
- BANK OF NIOBRARA (NIOBRARA, NE) — failed 1983-07-08 — /failed-bank/798

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CROFTON STATE BANK (FDIC ID 1566), failed 1987-12-03. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/1566.

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