# FARMERS & MERCHANTS BANK OF ELMO

> **Failed bank** · ELMO, MO · failed 1988-08-04 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

FARMERS & MERCHANTS BANK OF ELMO of ELMO, MO was closed by regulators on **1988-08-04**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST BANK OF MARYVILLE** (MARYVILLE, MO). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1849
- **FDIC Certificate:** 13644
- **FDIC FIN:** 2889
- **Bank name:** FARMERS & MERCHANTS BANK OF ELMO
- **Location:** ELMO, MO
- **Failure date:** 1988-08-04
- **FDIC resolution date:** 1988-08-04
- **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:** $3M
- **Deposits at failure:** $9M
- **Assets at failure:** $9M
- **Acquiring bank:** FIRST BANK OF MARYVILLE (MARYVILLE, MO)

## Other banks FIRST BANK OF MARYVILLE has acquired in FDIC resolutions

- FIRST MIDWEST BANK (MARYVILLE, MO) — failed 1987-06-18 — /failed-bank/1454

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FARMERS%20%26%20MERCHANTS%20BANK%20OF%20ELMO

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FARMERS & MERCHANTS BANK OF ELMO (FDIC ID 1849), failed 1988-08-04. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1849.

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