THE FARMERS STATE BANK, BOGUE Failed 1989
What happened
THE FARMERS STATE BANK, BOGUE of BOGUE, KS was closed on 1989-03-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FARMERS & MERCHANTS BANK OF (HILL CITY, KS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2223
- FDIC Certificate
- 15223
- FDIC FIN
- 2973
- Bank name
- THE FARMERS STATE BANK, BOGUE
- Location
- BOGUE, KS
- 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
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $8M
- Assets at failure
- $8M
- Acquiring bank
- FARMERS & MERCHANTS BANK OF (HILL CITY, KS)
Other banks FARMERS & MERCHANTS BANK OF acquired in FDIC resolutions