THE FARMERS AND MERCHANTS BANK OF SHEYENNE Failed 1990

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

What happened

THE FARMERS AND MERCHANTS BANK OF SHEYENNE of SHEYENNE, ND was closed on 1990-10-26. The FDIC was named receiver.

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

Deposits were transferred to THE RAMSEY NATIONAL BANK AN (DEVILS LAKE, ND). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2926
FDIC Certificate
13245
FDIC FIN
4289
Bank name
THE FARMERS AND MERCHANTS BANK OF SHEYENNE
Location
SHEYENNE, ND
Failure date
1990-10-26
FDIC resolution date
1990-10-26
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
$3M
Assets at failure
$3M
Acquiring bank
THE RAMSEY NATIONAL BANK AN (DEVILS LAKE, ND)