Bank Failure
THE FARMERS & MERCHANTS STATE BANK
Closed January 13, 1945 · FREDERICKSBURG, VA.
- Closing date
- January 13, 1945
- Headquarters
- FREDERICKSBURG, VA
- Total assets at closing
- $6,392,000
- Total deposits at closing
- $5,695,000
- Resolution type
- other
Context
On January 13, 1945, regulators closed THE FARMERS & MERCHANTS STATE BANK, headquartered in FREDERICKSBURG, VA. At closing, the institution held approximately $6,392,000 in assets and $5,695,000 in deposits. The FDIC resolved the institution without a single-acquirer transaction.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
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