Bank failure · SD

Farmers State Bank (Lyons, SD) — failed June 15, 1984

Farmers State Bank of Lyons, South Dakota was closed on June 15, 1984 and resolved through a purchase and assumption. Dakota State Bank (SD) took over its insured deposits. At failure it held $3.2M in assets and $3.0M in deposits. The FDIC's estimated loss on the failure is $855K (26.5% of assets).