Bank Failure
Farmers State BK of Holyoke
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Closed December 7, 1984 · Holyoke, CO · FDIC Cert #18946.
- Closing date
- December 7, 1984
- Headquarters
- Holyoke, CO
- FDIC Certificate
- 18946
- Total assets at closing
- $3.9M
- Total deposits at closing
- $3.6M
- Estimated loss to the insurance fund
- $1.4M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- Security National Bank
Context
On December 7, 1984, regulators closed Farmers State BK of Holyoke, headquartered in Holyoke, CO. At closing, the institution held approximately $3.9M in assets and $3.6M in deposits. The FDIC record names Security National Bank as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $1.4M.
By assets at closing this is the 3035th largest of the 3,526 bank failures in the FDIC record, and the 81st of 83 in 1984. 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 BK of Holyoke fail?
Farmers State BK of Holyoke was closed by regulators on December 7, 1984.
Who acquired Farmers State BK of Holyoke?
The FDIC record names Security National Bank as the acquiring institution in the resolution of Farmers State BK of Holyoke.
How big was Farmers State BK of Holyoke when it failed?
Farmers State BK of Holyoke had approximately $3.9M in total assets and $3.6M in deposits at the time of failure.
Other failures in 1984
| Date | Bank | Assets |
|---|---|---|
| Dec 22, 1984 | First Security Bank | $13.4M |
| Dec 20, 1984 | The Farmers State Bank | $14.6M |
| Dec 18, 1984 | Uehling State Bank | $4.2M |
| Dec 11, 1984 | University Bank of Wichita | $4.7M |
| Dec 7, 1984 | San Marino S&LA | $856.8M |
| Dec 4, 1984 | Golden Spike State Bank | $7.8M |
| Nov 30, 1984 | The Dayton BK & TR Co. | $51.4M |
| Nov 29, 1984 | The Strong City State Bank | $5.0M |
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