FARMERS STATE BANK OF YUMA Failed 1989
What happened
FARMERS STATE BANK OF YUMA of YUMA, CO was closed on 1989-08-24. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE FIRST SECURITY BANK (FORT LUPTON, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2492
- FDIC Certificate
- 10417
- FDIC FIN
- 4071
- Bank name
- FARMERS STATE BANK OF YUMA
- Location
- YUMA, CO
- Failure date
- 1989-08-24
- FDIC resolution date
- 1989-08-24
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $25M
- Assets at failure
- $27M
- Acquiring bank
- THE FIRST SECURITY BANK (FORT LUPTON, CO)