Bank Failure
Farmers State Bank
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Closed December 19, 1986 · Lueders, TX · FDIC Cert #11936.
- Closing date
- December 19, 1986
- Headquarters
- Lueders, TX
- FDIC Certificate
- 11936
- Total assets at closing
- $9.7M
- Total deposits at closing
- $9.2M
- Estimated loss to the insurance fund
- $3.0M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- Farmers&merchants NB Mer
Context
On December 19, 1986, regulators closed Farmers State Bank, headquartered in Lueders, TX. At closing, the institution held approximately $9.7M in assets and $9.2M in deposits. The FDIC record names Farmers&merchants NB Mer as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $3.0M.
By assets at closing this is the 2781st largest of the 3,526 bank failures in the FDIC record, and the 139th of 162 in 1986. 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 State Bank fail?
Farmers State Bank was closed by regulators on December 19, 1986.
Who acquired Farmers State Bank?
The FDIC record names Farmers&merchants NB Mer as the acquiring institution in the resolution of Farmers State Bank.
How big was Farmers State Bank when it failed?
Farmers State Bank had approximately $9.7M in total assets and $9.2M in deposits at the time of failure.
Other failures in 1986
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 1986 | Lakeland State Bank | $49.4M |
| Dec 18, 1986 | First Bank & Trust Co. | $94.9M |
| Dec 18, 1986 | Landmark National Bank | $12.9M |
| Dec 18, 1986 | Lago Vista National Bank | $11.9M |
| Dec 12, 1986 | Guaranty Federal Bank FSB | $63.8M |
| Dec 12, 1986 | First Savings of America | $47.0M |
| Dec 9, 1986 | The Citizens Bank of Windsor | $24.8M |
| Dec 5, 1986 | Firstsouth FS&LA | $1.68B |
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