Bank failure · MO

Cardwell State Bank (Cardwell, MO) — failed August 28, 1985

Cardwell State Bank of Cardwell, Missouri was closed on August 28, 1985 and resolved through a purchase and assumption. Merchants&planters Bk Ho (MO) took over its insured deposits. At failure it held $6.2M in assets and $5.7M in deposits. The FDIC's estimated loss on the failure is $868K (14.0% of assets).