BANK OF NIOBRARA Failed 1983
What happened
BANK OF NIOBRARA of NIOBRARA, NE was closed on 1983-07-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FARMERS&MERCHANTS STB BL (BLOOMFIELD, NE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 798
- FDIC Certificate
- 13189
- FDIC FIN
- 2354
- Bank name
- BANK OF NIOBRARA
- Location
- NIOBRARA, NE
- Failure date
- 1983-07-08
- FDIC resolution date
- 1983-07-08
- 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.)
- $3M
- Deposits at failure
- $6M
- Assets at failure
- $7M
- Acquiring bank
- FARMERS&MERCHANTS STB BL (BLOOMFIELD, NE)
Other banks FARMERS&MERCHANTS STB BL acquired in FDIC resolutions