THE FARMERS & MERCHANTS BANK Failed 1984

TECUMSEH, OK · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE FARMERS & MERCHANTS BANK of TECUMSEH, OK was closed on 1984-10-05. The FDIC was named receiver.

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

Deposits were transferred to REPUBLIC BANK OF TECUMSE (TECUMSEH, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
925
FDIC Certificate
9883
FDIC FIN
2420
Bank name
THE FARMERS & MERCHANTS BANK
Location
TECUMSEH, OK
Failure date
1984-10-05
FDIC resolution date
1984-10-05
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.)
$6M
Deposits at failure
$31M
Assets at failure
$31M
Acquiring bank
REPUBLIC BANK OF TECUMSE (TECUMSEH, OK)