Bank failure · NE
Bank of Niobrara (Niobrara, NE) — failed July 8, 1983
Bank of Niobrara of Niobrara, Nebraska was closed on July 8, 1983 and resolved through a purchase and assumption. Farmers&merchants Stb Bl (NE) took over its insured deposits. At failure it held $7.2M in assets and $6.1M in deposits. The FDIC's estimated loss on the failure is $2.7M (37.4% of assets).
- Closing date
- July 8, 1983
- FDIC certificate #
- 13189
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Farmers&merchants Stb Bl
- Insurance fund
- FDIC
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