Bank failure · CA
Merchants & Farmers State Bank (Blythe, CA) — failed February 18, 1983
Merchants & Farmers State Bank of Blythe, California was closed on February 18, 1983 and resolved through a purchase and assumption. Credit Bank (CA) took over its insured deposits. At failure it held $5.9M in assets and $5.7M in deposits. The FDIC's estimated loss on the failure is $972K (16.5% of assets).
- Closing date
- February 18, 1983
- FDIC certificate #
- 23035
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Credit Bank
- Insurance fund
- FDIC
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