Bank failure · NE

Citizens State Bank (Arapahoe, NE) — failed March 8, 1985

Citizens State Bank of Arapahoe, Nebraska was closed on March 8, 1985 and resolved through a purchase and assumption. Farmers&merchants Bank (NE) took over its insured deposits. At failure it held $16.9M in assets and $15.6M in deposits. The FDIC's estimated loss on the failure is $2.1M (12.4% of assets).