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Failures by State

Bank Failures in Nebraska

54 FDIC-insured banks headquartered in Nebraska have failed since 1935. The most recent was Ericson State Bank on February 14, 2020. The worst year was 1985, with 13 failures. Failed banks held $5.76B in assets at closing.

54
Failures
1935 to 2020
$5.76B
Failed assets
At closing
$607.5M
Estimated DIF loss
FDIC estimate
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All Nebraska events
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Largest bank failures in Nebraska

Date Bank City Assets Acquirer or resolution
Jun 4, 2010 Tierone Bank Lincoln $2.82B Great Western Bank
Feb 17, 1989 Occidental/nebraska FSB Omaha $677.3M Firstier Bank, Na, Omaha
Jul 21, 1988 Platte Valley FS&LA Gering $407.6M —
Feb 17, 1989 Platte Valley FS & La Gering $316.8M First NB&TC of North Platte
Feb 17, 1989 Equitable Federal Savings Bank Fremont $225.2M Firstier Bank, Na, Omaha
Feb 16, 1990 Heritage FSB Omaha $225.0M Branch sale
Feb 17, 1989 Midwest FED. S & L Assoc. Nebraska City $139.1M American NB
Feb 13, 2009 Sherman County Bank Loup City $135.4M Heritage Bank
Nov 4, 2011 Mid City Bank, Inc. Omaha $106.1M Purdum State Bank
Feb 14, 2020 Ericson State Bank Ericson $100.9M Farmers and Merchants Bank

Nebraska bank failures by year

Year Failures Failed assets
2020 1 $100.9M
2011 1 $106.1M
2010 1 $2.82B
2009 1 $135.4M
1990 3 $357.9M
1989 6 $1.42B
1988 2 $410.3M
1987 6 $70.0M
1986 6 $159.7M
1985 13 $101.6M
1984 5 $55.3M
1983 1 $7.2M
1973 1 $3.2M
1971 1 $679K
1964 1 $7.8M
1959 1 $570K
1939 1 $121K
1938 2 $278K
1935 1 $301K

Every bank failure in Nebraska

Date Bank City Assets Acquirer or resolution
Feb 14, 2020 Ericson State Bank Ericson $100.9M Farmers and Merchants Bank
Nov 4, 2011 Mid City Bank, Inc. Omaha $106.1M Purdum State Bank
Jun 4, 2010 Tierone Bank Lincoln $2.82B Great Western Bank
Feb 13, 2009 Sherman County Bank Loup City $135.4M Heritage Bank
Feb 16, 1990 Heritage FSB Omaha $225.0M Branch sale
Feb 16, 1990 Equitable S & La, F.A. Columbus $73.2M Conservative SB, FSB
Jan 18, 1990 First FED. Savings Assoc. of York York $59.7M First Trust Company of York
Sep 23, 1989 The Farmers State Bank Lyman $5.7M First National Bank in Morr
Feb 17, 1989 Occidental/nebraska FSB Omaha $677.3M Firstier Bank, Na, Omaha
Feb 17, 1989 Platte Valley FS & La Gering $316.8M First NB&TC of North Platte
Feb 17, 1989 Equitable Federal Savings Bank Fremont $225.2M Firstier Bank, Na, Omaha
Feb 17, 1989 Midwest FED. S & L Assoc. Nebraska City $139.1M American NB
Feb 17, 1989 Nile Valley Federal S & L Assoc. Scottsbluff $56.3M First NB&TC of North Platte
Jul 21, 1988 Platte Valley FS&LA Gering $407.6M —
Mar 10, 1988 Frenchman Valley Bank Palisade $2.8M —
Dec 3, 1987 Crofton State Bank Crofton $11.6M Farmers&merchants STB BL
Dec 3, 1987 Center State Bank Center $8.4M Farmers&merchants STB BL
Dec 3, 1987 First State Bank Oakdale $5.6M First United Bank
Dec 3, 1987 State Bank of Jansen Jansen $5.0M Security NB of Superior
Oct 30, 1987 American Security Bank North Platte $27.1M North Platte National Ba
Oct 1, 1987 Security State Bank Oxford $12.2M Union Bank&trust Co
Oct 23, 1986 Bank of Gering Gering $24.2M First State Bank
Jul 31, 1986 The Gering National Bank & Trust Gering $70.2M Scottsbluff NB&T Co
Jul 17, 1986 Fillmore County Bank Geneva $12.0M York State Bank&trust Co
May 28, 1986 Roseland State Bank Roseland $12.0M Hastings State Bank
Mar 6, 1986 The First National Bank of Tekamah Tekamah $21.2M Nebraska National Bank
Feb 7, 1986 Johnson County Bank Tecumseh $20.2M State Bank of Elk Creek
Dec 19, 1985 Farmers State Bank Sargent $12.5M First National Bank in O
Dec 19, 1985 Bank of Panama Panama $4.4M Farmers State Bank
Dec 19, 1985 Farmers & Merchants Bank Comstock $3.3M —
Dec 5, 1985 Security State Bank Broken Bow $8.0M —
Sep 18, 1985 Elba State Bank Elba $4.7M —
Aug 2, 1985 Farmers State Bank Rising City $12.8M Union Bank&trust Co
May 31, 1985 Bank of Taylor Taylor $14.5M Union Bank&trust Co
May 31, 1985 Fairfield State Bank Fairfield $6.8M —
May 31, 1985 Security State Bank Edgar $6.6M Guide Rock State Bank
May 31, 1985 Scroggin & Company Bank Oak $3.6M —
Apr 10, 1985 State Bank of Alexandria Alexandria $2.5M —
Mar 8, 1985 Citizens State Bank Arapahoe $16.9M Farmers&merchants Bank
Jan 7, 1985 State Bank of Dannebrog Dannebrog $4.9M —
Dec 18, 1984 Uehling State Bank Uehling $4.2M Uehling State Bank
Oct 24, 1984 The Bank of Cody Cody $10.3M Guardian State Bank&trus
Oct 24, 1984 Farmers State Bank Kilgore $6.1M First NB of Valentine
Sep 19, 1984 Bank of Verdigre & Trust Company Verdigre $13.4M National Bank of Neligh
Sep 6, 1984 David City Bank David City $21.3M First National Bank of O
Jul 8, 1983 Bank of Niobrara Niobrara $7.2M Farmers&merchants STB BL
May 7, 1973 Elm Creek State Bank Elm Creek $3.2M —
Apr 5, 1971 Bank of Salem Salem $679K —
Oct 29, 1964 Nebraska St Bank of Valentine, Nebraska Valentine $7.8M —
May 13, 1959 The Bartlett State Bank Bartlett $570K —

Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.

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