Bank failure · NE

Ericson State Bank (Ericson, NE) — failed February 14, 2020

Ericson State Bank of Ericson, Nebraska was closed on February 14, 2020 and resolved through a purchase and assumption. Farmers and Merchants Bank (NE) took over its insured deposits. At failure it held $100.9M in assets and $95.2M in deposits. The FDIC's estimated loss on the failure is $23.3M (23.1% of assets).