Bank failure · IN
The Farmers National Bank of Remington (Remington, IN) — failed January 29, 1987
The Farmers National Bank of Remington of Remington, Indiana was closed on January 29, 1987 and resolved through a purchase and assumption. Lafayette National Bank (IN) took over its insured deposits. At failure it held $34.7M in assets and $33.5M in deposits. The FDIC's estimated loss on the failure is $7.8M (22.4% of assets).
- Closing date
- January 29, 1987
- FDIC certificate #
- 4372
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Lafayette National Bank
- Insurance fund
- FDIC
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