Bank Failure
The Farmers & Merchants State Bank
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Closed January 13, 1945 · Fredericksburg, VA .
- Closing date
- January 13, 1945
- Headquarters
- Fredericksburg, VA
- Total assets at closing
- $6.4M
- Total deposits at closing
- $5.7M
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On January 13, 1945, regulators closed The Farmers & Merchants State Bank, headquartered in Fredericksburg, VA. At closing, the institution held approximately $6.4M in assets and $5.7M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 2937th largest of the 3,526 bank failures in the FDIC record, and the 1st of 1 in 1945. It falls in the period the record labels Postwar Stability (1945-1979), a period with 161 failures peaking at 16 in 1976.
Three decades of regulated calm — Reg Q ceilings, geographic branching limits, and high industry profits kept failures rare.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did The Farmers & Merchants State Bank fail?
The Farmers & Merchants State Bank was closed by regulators on January 13, 1945.
How big was The Farmers & Merchants State Bank when it failed?
The Farmers & Merchants State Bank had approximately $6.4M in total assets and $5.7M in deposits at the time of failure.
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