Bank failure · TX
Farmers State Bank (Lueders, TX) — failed December 19, 1986
Farmers State Bank of Lueders, Texas was closed on December 19, 1986 and resolved through a purchase and assumption. Farmers&merchants Nb Mer (TX) took over its insured deposits. At failure it held $9.7M in assets and $9.2M in deposits. The FDIC's estimated loss on the failure is $3.0M (30.6% of assets).
- Closing date
- December 19, 1986
- FDIC certificate #
- 11936
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Farmers&merchants Nb Mer
- Insurance fund
- FDIC
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