Bank Failure
Farmers & Merchants Bank
BankRegReports is independent of Farmers & Merchants Bank and never asks for online banking logins or passwords.
Closed December 19, 1985 · Comstock, NE · FDIC Cert #8596.
- Closing date
- December 19, 1985
- Headquarters
- Comstock, NE
- FDIC Certificate
- 8596
- Total assets at closing
- $3.3M
- Total deposits at closing
- $3.2M
- Estimated loss to the insurance fund
- $785K
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On December 19, 1985, regulators closed Farmers & Merchants Bank, headquartered in Comstock, NE. At closing, the institution held approximately $3.3M in assets and $3.2M in deposits. The FDIC record does not name an acquiring institution. The estimated cost to the FDIC insurance fund was approximately $785K.
By assets at closing this is the 3052nd largest of the 3,526 bank failures in the FDIC record, and the 136th of 139 in 1985. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Farmers & Merchants Bank fail?
Farmers & Merchants Bank was closed by regulators on December 19, 1985.
How big was Farmers & Merchants Bank when it failed?
Farmers & Merchants Bank had approximately $3.3M in total assets and $3.2M in deposits at the time of failure.
Other failures in 1985
| Date | Bank | Assets |
|---|---|---|
| Dec 20, 1985 | First City Bank | $35.8M |
| Dec 20, 1985 | State Bank of Frost | $7.7M |
| Dec 19, 1985 | Princeton State Bank | $18.4M |
| Dec 19, 1985 | Farmers State Bank | $12.5M |
| Dec 19, 1985 | Bank of Panama | $4.4M |
| Dec 13, 1985 | The First National Bank in Lincoln County | $32.0M |
| Dec 13, 1985 | Lake National Bank | $19.8M |
| Dec 13, 1985 | The Farmers State Bank of Barry County, Ex | $4.2M |
Explore: all failures · NE bank events · 1985 events · events hub