THE FARMERS STATE BANK Failed 1989
What happened
THE FARMERS STATE BANK of LYMAN, NE was closed on 1989-09-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NATIONAL BANK IN MORR (MORRILL, NE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2514
- FDIC Certificate
- 16342
- FDIC FIN
- 5994
- Bank name
- THE FARMERS STATE BANK
- Location
- LYMAN, NE
- Failure date
- 1989-09-23
- FDIC resolution date
- 1989-09-23
- 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.)
- $1M
- Deposits at failure
- $6M
- Assets at failure
- $6M
- Acquiring bank
- FIRST NATIONAL BANK IN MORR (MORRILL, NE)