Bank failure · OK

Farmers & Merchants Bank (Tryon, OK) — failed March 19, 1992

Farmers & Merchants Bank of Tryon, Oklahoma was closed on March 19, 1992 and resolved through a purchase and assumption. Union Nb of Chandler (OK) took over its insured deposits. At failure it held $4.3M in assets and $4.1M in deposits. The FDIC's estimated loss on the failure is $940K (21.9% of assets).