Bank failure · NE

Farmers State Bank (Sargent, NE) — failed December 19, 1985

Farmers State Bank of Sargent, Nebraska was closed on December 19, 1985 and resolved through a purchase and assumption. First National Bank in O (NE) took over its insured deposits. At failure it held $12.5M in assets and $11.3M in deposits. The FDIC's estimated loss on the failure is $1.6M (12.6% of assets).