Bank failure · KS

The Farmers and Merchants State Bank of Argonia (Argonia, KS) — failed October 13, 2017

The Farmers and Merchants State Bank of Argonia of Argonia, Kansas was closed on October 13, 2017 and resolved through a purchase and assumption. Conway Bank (KS) took over its insured deposits. At failure it held $33.0M in assets and $27.5M in deposits. The FDIC's estimated loss on the failure is $280K (0.8% of assets).