Bank failure · NE
Center State Bank (Center, NE) — failed December 3, 1987
Center State Bank of Center, Nebraska was closed on December 3, 1987 and resolved through a purchase and assumption. Farmers&merchants Stb Bl (NE) took over its insured deposits. At failure it held $8.4M in assets and $8.0M in deposits. The FDIC's estimated loss on the failure is $1.6M (19.2% of assets).
- Closing date
- December 3, 1987
- FDIC certificate #
- 9813
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Farmers&merchants Stb Bl
- Insurance fund
- FDIC
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