FARMERS STATE BANK Failed 1985
What happened
FARMERS STATE BANK of ST. JOSEPH, MO was closed on 1985-05-03. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FARMERS STB OF BUCHANAN (ST. JOSEPH, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 988
- FDIC Certificate
- 10599
- FDIC FIN
- 2461
- Bank name
- FARMERS STATE BANK
- Location
- ST. JOSEPH, MO
- Failure date
- 1985-05-03
- FDIC resolution date
- 1985-05-03
- 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.)
- $13M
- Deposits at failure
- $50M
- Assets at failure
- $51M
- Acquiring bank
- FARMERS STB OF BUCHANAN (ST. JOSEPH, MO)