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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
Oct 3, 1939 Security State Bank Lawrence $121K —
Feb 28, 1938 State Bank of Surprise Surprise $65K —
Feb 1, 1938 Farmers Security Bank Maywood $213K —
Jun 29, 1935 The First National Bank of Pender Pender $301K —

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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