Bank failure · NE

Sherman County Bank (Loup City, NE) — failed February 13, 2009

Sherman County Bank of Loup City, Nebraska was closed on February 13, 2009 and resolved through a purchase and assumption. Heritage Bank (NE) took over its insured deposits. At failure it held $135.4M in assets and $90.6M in deposits. The FDIC's estimated loss on the failure is $42.7M (31.5% of assets).