Bank failure · MO

Farmers State Bank (St. Joseph, MO) — failed May 3, 1985

Farmers State Bank of St. Joseph, Missouri was closed on May 3, 1985 and resolved through a purchase and assumption. Farmers Stb of Buchanan (MO) took over its insured deposits. At failure it held $50.9M in assets and $49.6M in deposits. The FDIC's estimated loss on the failure is $13.3M (26.1% of assets).