Bank failure · OK

The Farmers and Merchants National Bank of (Hennessy, OK) — failed December 5, 1985

The Farmers and Merchants National Bank of of Hennessy, Oklahoma was closed on December 5, 1985 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $28.7M in assets and $27.5M in deposits. The FDIC's estimated loss on the failure is $5.5M (19.2% of assets).