Bank failure · NE

Johnson County Bank (Tecumseh, NE) — failed February 7, 1986

Johnson County Bank of Tecumseh, Nebraska was closed on February 7, 1986 and resolved through a purchase and assumption. State Bank of Elk Creek (NE) took over its insured deposits. At failure it held $20.2M in assets and $19.4M in deposits. The FDIC's estimated loss on the failure is $4.8M (23.9% of assets).