# FARMERS STATE BANK

> **Failed bank** · LYONS, SD · failed 1984-06-15 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

FARMERS STATE BANK of LYONS, SD was closed by regulators on **1984-06-15**. The FDIC was named receiver.

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

Deposits were transferred to **DAKOTA STATE BANK** (COLMAN, SD). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 889
- **FDIC Certificate:** 9009
- **FDIC FIN:** 2394
- **Bank name:** FARMERS STATE BANK
- **Location:** LYONS, SD
- **Failure date:** 1984-06-15
- **FDIC resolution date:** 1984-06-15
- **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:** $3M
- **Assets at failure:** $3M
- **Acquiring bank:** DAKOTA STATE BANK (COLMAN, SD)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FARMERS STATE BANK (FDIC ID 889), failed 1984-06-15. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/889.

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