Bank Failure
Farmers State BK of Lewiston
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Closed June 25, 1982 · Lewiston, IL · FDIC Cert #10454.
- Closing date
- June 25, 1982
- Headquarters
- Lewiston, IL
- FDIC Certificate
- 10454
- Total assets at closing
- $30.9M
- Total deposits at closing
- $28.1M
- Estimated loss to the insurance fund
- $8.2M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- Farmers STB of Fulton Co
Context
On June 25, 1982, regulators closed Farmers State BK of Lewiston, headquartered in Lewiston, IL. At closing, the institution held approximately $30.9M in assets and $28.1M in deposits. The FDIC record names Farmers STB of Fulton Co as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $8.2M.
By assets at closing this is the 2035th largest of the 3,526 bank failures in the FDIC record, and the 6th of 34 in 1982. 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 Lewiston fail?
Farmers State BK of Lewiston was closed by regulators on June 25, 1982.
Who acquired Farmers State BK of Lewiston?
The FDIC record names Farmers STB of Fulton Co as the acquiring institution in the resolution of Farmers State BK of Lewiston.
How big was Farmers State BK of Lewiston when it failed?
Farmers State BK of Lewiston had approximately $30.9M in total assets and $28.1M in deposits at the time of failure.
Other failures in 1982
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 1982 | The Security State Bank | $11.6M |
| Dec 10, 1982 | Bollinger County Bank | $15.9M |
| Nov 19, 1982 | North Kansas Sa | $36.5M |
| Nov 19, 1982 | Ranchlander National Bank | $4.3M |
| Nov 12, 1982 | Bank of Quitman | $17.4M |
| Nov 5, 1982 | The First National Bank of South Charlesto | $28.6M |
| Nov 5, 1982 | Texas BK of Amarillo | $13.1M |
| Nov 2, 1982 | Cedar Bluff Bank | $13.7M |
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