Bank failure · NE

Frenchman Valley Bank (Palisade, NE) — failed March 10, 1988

Frenchman Valley Bank of Palisade, Nebraska was closed on March 10, 1988 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $2.8M in assets and $2.7M in deposits. The FDIC's estimated loss on the failure is $602K (21.6% of assets).