# SHERMAN COUNTY BANK

> **Failed bank** · LOUP CITY, NE · failed 2009-02-13 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $43M

## What happened

SHERMAN COUNTY BANK of LOUP CITY, NE was closed by regulators on **2009-02-13**. The FDIC was named receiver.

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

Deposits were transferred to **HERITAGE BANK** (WOOD RIVER, NE). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3603
- **FDIC Certificate:** 5431
- **FDIC FIN:** 10039
- **Bank name:** SHERMAN COUNTY BANK
- **Location:** LOUP CITY, NE
- **Failure date:** 2009-02-13
- **FDIC resolution date:** 2009-02-13
- **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:** $43M
- **Deposits at failure:** $91M
- **Assets at failure:** $135M
- **Acquiring bank:** HERITAGE BANK (WOOD RIVER, NE)

## Other banks HERITAGE BANK has acquired in FDIC resolutions

- PIERCE COMMERCIAL BANK (TACOMA, WA) — failed 2010-11-05 — /failed-bank/3874
- THE COWLITZ BANK (LONGVIEW, WA) — failed 2010-07-30 — /failed-bank/3838

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SHERMAN COUNTY BANK (FDIC ID 3603), failed 2009-02-13. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3603.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*