# MERCHANTS & FARMERS STATE BANK

> **Failed bank** · BLYTHE, CA · failed 1983-02-18 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

MERCHANTS & FARMERS STATE BANK of BLYTHE, CA was closed by regulators on **1983-02-18**. The FDIC was named receiver.

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

Deposits were transferred to **CREDIT BANK** (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 753
- **FDIC Certificate:** 23035
- **FDIC FIN:** 2335
- **Bank name:** MERCHANTS & FARMERS STATE BANK
- **Location:** BLYTHE, CA
- **Failure date:** 1983-02-18
- **FDIC resolution date:** 1983-02-18
- **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:** $1M
- **Deposits at failure:** $6M
- **Assets at failure:** $6M
- **Acquiring bank:** CREDIT BANK (LOS ANGELES, CA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MERCHANTS%20%26%20FARMERS%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MERCHANTS & FARMERS STATE BANK (FDIC ID 753), failed 1983-02-18. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/753.

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