Bank Failure
The Farmers State Bank of Barry County, Ex
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Closed December 13, 1985 · Exeter, MO · FDIC Cert #12460.
- Closing date
- December 13, 1985
- Headquarters
- Exeter, MO
- FDIC Certificate
- 12460
- Total assets at closing
- $4.2M
- Total deposits at closing
- $4.1M
- Estimated loss to the insurance fund
- $1.2M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- Security Bank of SW Mo
Context
On December 13, 1985, regulators closed The Farmers State Bank of Barry County, Ex, headquartered in Exeter, MO. At closing, the institution held approximately $4.2M in assets and $4.1M in deposits. The FDIC record names Security Bank of SW Mo as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $1.2M.
By assets at closing this is the 3024th largest of the 3,526 bank failures in the FDIC record, and the 131st of 139 in 1985. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did The Farmers State Bank of Barry County, Ex fail?
The Farmers State Bank of Barry County, Ex was closed by regulators on December 13, 1985.
Who acquired The Farmers State Bank of Barry County, Ex?
The FDIC record names Security Bank of SW Mo as the acquiring institution in the resolution of The Farmers State Bank of Barry County, Ex.
How big was The Farmers State Bank of Barry County, Ex when it failed?
The Farmers State Bank of Barry County, Ex had approximately $4.2M in total assets and $4.1M in deposits at the time of failure.
Other failures in 1985
| Date | Bank | Assets |
|---|---|---|
| Dec 20, 1985 | First City Bank | $35.8M |
| Dec 20, 1985 | State Bank of Frost | $7.7M |
| Dec 19, 1985 | Princeton State Bank | $18.4M |
| Dec 19, 1985 | Farmers State Bank | $12.5M |
| Dec 19, 1985 | Bank of Panama | $4.4M |
| Dec 19, 1985 | Farmers & Merchants Bank | $3.3M |
| Dec 13, 1985 | The First National Bank in Lincoln County | $32.0M |
| Dec 13, 1985 | Lake National Bank | $19.8M |
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