FARMERS & MERCHANTS BANK Failed 1992

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

What happened

FARMERS & MERCHANTS BANK of TRYON, OK was closed on 1992-03-19. The FDIC was named receiver.

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

Deposits were transferred to UNION NB OF CHANDLER (CHANDLER, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3291
FDIC Certificate
10668
FDIC FIN
4465
Bank name
FARMERS & MERCHANTS BANK
Location
TRYON, OK
Failure date
1992-03-19
FDIC resolution date
1992-03-19
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
$4M
Assets at failure
$4M
Acquiring bank
UNION NB OF CHANDLER (CHANDLER, OK)