FARMERS AND MERCHANTS BANK Failed 1990

BUCKEYE, AZ · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

FARMERS AND MERCHANTS BANK of BUCKEYE, AZ was closed on 1990-06-18. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to THE STOCKMEN'S BANK (KINGMAN, AZ). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2819
FDIC Certificate
22852
FDIC FIN
4232
Bank name
FARMERS AND MERCHANTS BANK
Location
BUCKEYE, AZ
Failure date
1990-06-18
FDIC resolution date
1990-06-18
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.)
$6M
Deposits at failure
$22M
Assets at failure
$24M
Acquiring bank
THE STOCKMEN'S BANK (KINGMAN, AZ)