Bank failure · NE

Farmers & Merchants Bank (Comstock, NE) — failed December 19, 1985

Farmers & Merchants Bank of Comstock, Nebraska was closed on December 19, 1985 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $3.3M in assets and $3.2M in deposits. The FDIC's estimated loss on the failure is $785K (23.6% of assets).