# THE FARMERS & MERCHANTS STATE BANK

> **Failed bank** · BALLINGER, TX · failed 1989-03-16 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

THE FARMERS & MERCHANTS STATE BANK of BALLINGER, TX was closed by regulators on **1989-03-16**. The FDIC was named receiver.

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

Deposits were transferred to **THE FIRST NATIONAL BANK OF** (ROTAN, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2222
- **FDIC Certificate:** 11893
- **FDIC FIN:** 2977
- **Bank name:** THE FARMERS & MERCHANTS STATE BANK
- **Location:** BALLINGER, TX
- **Failure date:** 1989-03-16
- **FDIC resolution date:** 1989-03-16
- **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:** $22M
- **Assets at failure:** $23M
- **Acquiring bank:** THE FIRST NATIONAL BANK OF (ROTAN, TX)

## Other banks THE FIRST NATIONAL BANK OF has acquired in FDIC resolutions

- THE WASHINGTON BANK (OF MARYLAND) (BALTIMORE, MD) — failed 1991-05-10 — /failed-bank/3094
- BOSTON TRADE BANK (BOSTON, MA) — failed 1991-05-03 — /failed-bank/3081
- THE STATE BANK OF OMAHA (OMAHA, TX) — failed 1990-12-14 — /failed-bank/2964
- UNITED PEOPLES BANK (LAMPASAS, TX) — failed 1990-10-11 — /failed-bank/2917
- MERCHANTSBANK OF BOSTON, A CO-OP (BOSTON, MA) — failed 1990-05-18 — /failed-bank/2767
- ALVORD NATIONAL BANK (ALVORD, TX) — failed 1990-03-29 — /failed-bank/2715
- LIBERTY CITY STATE BANK (LIBERTY CITY, TX) — failed 1990-03-15 — /failed-bank/2699
- FARMERS STATE BANK OF SHIRO, TEXAS (SHIRO, TX) — failed 1990-01-25 — /failed-bank/2626
- FIRST SECURITY BANK OF GLENDIVE (GLENDIVE, MT) — failed 1989-12-01 — /failed-bank/2572
- STRAWN SECURITY BANK (STRAWN, TX) — failed 1989-10-05 — /failed-bank/2517

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FARMERS & MERCHANTS STATE BANK (FDIC ID 2222), failed 1989-03-16. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2222.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*