Bank Failure
The Farmers and Merchants State Bank of Argonia
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Closed October 13, 2017 · Argonia, KS · FDIC Cert #17719.
- Closing date
- October 13, 2017
- Headquarters
- Argonia, KS
- FDIC Certificate
- 17719
- Total assets at closing
- $33.0M
- Total deposits at closing
- $27.5M
- Estimated loss to the insurance fund
- $280K
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Conway Bank
Context
On October 13, 2017, regulators closed The Farmers and Merchants State Bank of Argonia, headquartered in Argonia, KS. At closing, the institution held approximately $33.0M in assets and $27.5M in deposits. The FDIC record names Conway Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $280K.
By assets at closing this is the 1969th largest of the 3,526 bank failures in the FDIC record, and the 8th of 8 in 2017. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did The Farmers and Merchants State Bank of Argonia fail?
The Farmers and Merchants State Bank of Argonia was closed by regulators on October 13, 2017.
Who acquired The Farmers and Merchants State Bank of Argonia?
The FDIC record names Conway Bank as the acquiring institution in the resolution of The Farmers and Merchants State Bank of Argonia.
How big was The Farmers and Merchants State Bank of Argonia when it failed?
The Farmers and Merchants State Bank of Argonia had approximately $33.0M in total assets and $27.5M in deposits at the time of failure.
Other failures in 2017
| Date | Bank | Assets |
|---|---|---|
| Dec 15, 2017 | Washington Federal Bank for Savings | $166.3M |
| May 26, 2017 | Fayette County Bank | $34.4M |
| May 5, 2017 | Guaranty Bank | $1.03B |
| Apr 28, 2017 | First NBC Bank | $3.33B |
| Mar 3, 2017 | Proficio Bank | $68.2M |
| Jan 27, 2017 | Seaway Bank and Trust Company | $297.8M |
| Jan 13, 2017 | Harvest Community Bank | $124.2M |
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