# THE FARMERS STATE BANK, BOGUE

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

## What happened

THE FARMERS STATE BANK, BOGUE of BOGUE, KS 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 **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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $8M
- **Assets at failure:** $8M
- **Acquiring bank:** FARMERS & MERCHANTS BANK OF (HILL CITY, KS)

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

- ROLLING HILLS STATE BANK (PIEDMONT, OK) — failed 1989-01-12 — /failed-bank/2069

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20FARMERS%20STATE%20BANK%2C%20BOGUE

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FARMERS STATE BANK, BOGUE (FDIC ID 2223), failed 1989-03-16. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2223.

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