Bank failure · ND
Farmers State Bank (Maddock, ND) — failed May 8, 1987
Farmers State Bank of Maddock, North Dakota was closed on May 8, 1987 and resolved through a insured deposit transfer. Ramsey Nb&t Co Devils LA (ND) took over its insured deposits. At failure it held $11.9M in assets and $11.7M in deposits. The FDIC's estimated loss on the failure is $1.1M (9.4% of assets).
- Closing date
- May 8, 1987
- FDIC certificate #
- 9426
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Ramsey Nb&t Co Devils LA
- Insurance fund
- FDIC
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