# FARMERS STATE BANK

> **Failed bank** · ST. JOSEPH, MO · failed 1985-05-03 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $13M

## What happened

FARMERS STATE BANK of ST. JOSEPH, MO was closed by regulators 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
- **Estimated FDIC DIF cost:** $13M
- **Deposits at failure:** $50M
- **Assets at failure:** $51M
- **Acquiring bank:** FARMERS STB OF BUCHANAN (ST. JOSEPH, MO)

## 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 988), failed 1985-05-03. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/988.

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