# THE FARMERS STATE BANK

> **Failed bank** · LYMAN, NE · failed 1989-09-23 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

THE FARMERS STATE BANK of LYMAN, NE was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $6M
- **Assets at failure:** $6M
- **Acquiring bank:** FIRST NATIONAL BANK IN MORR (MORRILL, NE)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FARMERS STATE BANK (FDIC ID 2514), failed 1989-09-23. Retrieved via AI Analytics 2026-07-11 from https://api.ai-analytics.org/failed-bank/2514.

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