# ROLLING HILLS STATE BANK

> **Failed bank** · PIEDMONT, OK · failed 1989-01-12 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

ROLLING HILLS STATE BANK of PIEDMONT, OK was closed by regulators on **1989-01-12**. The FDIC was named receiver.

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

Deposits were transferred to **FARMERS & MERCHANTS BANK OF** (PIEDMONT, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2069
- **FDIC Certificate:** 22239
- **FDIC FIN:** 2951
- **Bank name:** ROLLING HILLS STATE BANK
- **Location:** PIEDMONT, OK
- **Failure date:** 1989-01-12
- **FDIC resolution date:** 1989-01-12
- **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:** $13M
- **Assets at failure:** $13M
- **Acquiring bank:** FARMERS & MERCHANTS BANK OF (PIEDMONT, OK)

## Other banks FARMERS & MERCHANTS BANK OF has acquired in FDIC resolutions

- THE FARMERS STATE BANK, BOGUE (BOGUE, KS) — failed 1989-03-16 — /failed-bank/2223

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ROLLING HILLS STATE BANK (FDIC ID 2069), failed 1989-01-12. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2069.

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