Bank failure · NE

Farmers State Bank (Rising City, NE) — failed August 2, 1985

Farmers State Bank of Rising City, Nebraska was closed on August 2, 1985 and resolved through a purchase and assumption. Union Bank&trust Co (NE) took over its insured deposits. At failure it held $12.8M in assets and $11.9M in deposits. The FDIC's estimated loss on the failure is $320K (2.5% of assets).