Bank Failure
Farmers State Bank
Closed March 18, 1936 · Amherst, SD .
- Closing date
- March 18, 1936
- Headquarters
- Amherst, SD
- Total assets at closing
- $56K
- Total deposits at closing
- $59K
- Estimated loss to DIF
- Not published (the FDIC feed carries no estimate for this failure)
- Resolution
- Failure (closed by regulators)
Context
On March 18, 1936, regulators closed Farmers State Bank, headquartered in Amherst, SD. At closing, the institution held approximately $56K in assets and $59K in deposits. The FDIC resolved the institution without a single-acquirer transaction.
By assets at closing this is the 3359th largest of the 3,524 bank failures in the FDIC record, and the 37th of 69 in 1936. It falls in the period the record labels Early FDIC Era (1934-1944), a period with 397 failures peaking at 75 in 1937.
FDIC's first decade after the 1933 Banking Act. Failures fell sharply once deposit insurance restored confidence.
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 March 18, 1936.
How big was Farmers State Bank when it failed?
Farmers State Bank had approximately $56K in total assets and $59K in deposits at the time of failure.
Other failures in 1936
| Date | Bank | Assets |
|---|---|---|
| Dec 31, 1936 | Central State Bank of Sherman | $312K |
| Dec 21, 1936 | Bank of Berthold | — |
| Dec 21, 1936 | First State Bank | — |
| Dec 21, 1936 | The Cummings State Bank | — |
| Dec 21, 1936 | Reservation State Bank | — |
| Dec 21, 1936 | First State Bank of Max | — |
| Dec 21, 1936 | First State Bank of Powers Lake | — |
| Dec 19, 1936 | Northern and Dakota Trust Company | — |
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