Bank failure · NE

Bank of Panama (Panama, NE) — failed December 19, 1985

Bank of Panama of Panama, Nebraska was closed on December 19, 1985 and resolved through a purchase and assumption. Farmers State Bank (NE) took over its insured deposits. At failure it held $4.4M in assets and $4.3M in deposits. The FDIC's estimated loss on the failure is $1.4M (32.3% of assets).