Bank Failure
FARMERS & MERCHANTS BANK
Closed March 19, 1992 · TRYON, OK · FDIC Cert #10668.
- Closing date
- March 19, 1992
- Headquarters
- TRYON, OK
- FDIC Certificate
- 10668
- Total assets at closing
- $4,291,000
- Total deposits at closing
- $4,139,000
- Estimated loss to DIF
- $940,000
- Resolution type
- other
- Acquirer
- UNION NB OF CHANDLER (FDIC Cert #4465)
Context
On March 19, 1992, regulators closed FARMERS & MERCHANTS BANK, headquartered in TRYON, OK. At closing, the institution held approximately $4,291,000 in assets and $4,139,000 in deposits. The FDIC arranged a resolution under which UNION NB OF CHANDLER acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $940,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1992
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1992-12-18 | THE RUSHVILLE NATIONAL BANK | RUSHVILLE, IN | $41,631,000 |
| 1992-12-18 | THE BREMEN STATE BANK | BREMEN, KS | $2,679,000 |
| 1992-12-11 | MERITOR SAVINGS BANK | PHILADELPHIA, PA | $4,126,701,000 |
| 1992-12-11 | EASTLAND SAVINGS BANK | WOONSOCKET, RI | $515,301,000 |
| 1992-12-11 | EASTLAND BANK | WOONSOCKET, RI | $85,405,000 |
| 1992-12-11 | SAILORS & MERCHANTS B&T CO. | VIENNA, VA | $34,775,000 |
| 1992-12-10 | CITIZENS STATE BANK | PRINCETON, TX | $12,943,000 |
| 1992-12-08 | PALM BEACH FSA | PALM BEACH GARDEN, FL | $59,403,000 |
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