THE FARMERS AND MERCHANTS STATE BANK OF ARGONIA Failed 2017
What happened
THE FARMERS AND MERCHANTS STATE BANK OF ARGONIA of ARGONIA, KS was closed on 2017-10-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CONWAY BANK (CONWAY SPRINGS, KS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4095
- FDIC Certificate
- 17719
- FDIC FIN
- 10529
- Bank name
- THE FARMERS AND MERCHANTS STATE BANK OF ARGONIA
- Location
- ARGONIA, KS
- Failure date
- 2017-10-13
- FDIC resolution date
- 2017-10-13
- 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.)
- $0M
- Deposits at failure
- $27M
- Assets at failure
- $33M
- Acquiring bank
- CONWAY BANK (CONWAY SPRINGS, KS)