Bank failure · NE

Elba State Bank (Elba, NE) — failed September 18, 1985

Elba State Bank of Elba, Nebraska was closed on September 18, 1985 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $4.7M in assets and $4.2M in deposits. The FDIC's estimated loss on the failure is $657K (13.9% of assets).