# ERICSON STATE BANK

> **Failed bank** · ERICSON, NE · failed 2020-02-14 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $23M

## What happened

ERICSON STATE BANK of ERICSON, NE was closed by regulators on **2020-02-14**. The FDIC was named receiver.

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

Deposits were transferred to **FARMERS AND MERCHANTS BANK** (MILFORD, NE). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 4101
- **FDIC Certificate:** 18265
- **FDIC FIN:** 10535
- **Bank name:** ERICSON STATE BANK
- **Location:** ERICSON, NE
- **Failure date:** 2020-02-14
- **FDIC resolution date:** 2020-02-14
- **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:** $23M
- **Deposits at failure:** $95M
- **Assets at failure:** $101M
- **Acquiring bank:** FARMERS AND MERCHANTS BANK (MILFORD, NE)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ERICSON STATE BANK (FDIC ID 4101), failed 2020-02-14. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/4101.

---

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