Bank failure · NE

Bank of Verdigre & Trust Company (Verdigre, NE) — failed September 19, 1984

Bank of Verdigre & Trust Company of Verdigre, Nebraska was closed on September 19, 1984 and resolved through a purchase and assumption. National Bank of Neligh (NE) took over its insured deposits. At failure it held $13.4M in assets and $12.7M in deposits. The FDIC's estimated loss on the failure is $3.7M (27.8% of assets).