Bank failure · OK

The Farmers & Merchants Bank (Tecumseh, OK) — failed October 5, 1984

The Farmers & Merchants Bank of Tecumseh, Oklahoma was closed on October 5, 1984 and resolved through a purchase and assumption. Republic Bank of Tecumse (OK) took over its insured deposits. At failure it held $31.1M in assets and $31.0M in deposits. The FDIC's estimated loss on the failure is $6.1M (19.4% of assets).