Bank failure · NE

Bank of Gering (Gering, NE) — failed October 23, 1986

Bank of Gering of Gering, Nebraska was closed on October 23, 1986 and resolved through a purchase and assumption. First State Bank (NE) took over its insured deposits. At failure it held $24.2M in assets and $22.2M in deposits. The FDIC's estimated loss on the failure is $3.9M (16.0% of assets).