Bank failure · NE

Bank of Taylor (Taylor, NE) — failed May 31, 1985

Bank of Taylor of Taylor, Nebraska was closed on May 31, 1985 and resolved through a purchase and assumption. Union Bank&trust Co (NE) took over its insured deposits. At failure it held $14.5M in assets and $13.4M in deposits. The FDIC's estimated loss on the failure is $1.7M (11.4% of assets).