Bank failure · NE
The Farmers State Bank (Lyman, NE) — failed September 23, 1989
The Farmers State Bank of Lyman, Nebraska was closed on September 23, 1989 and resolved through a purchase and assumption. First National Bank in Morr (NE) took over its insured deposits. At failure it held $5.7M in assets and $5.6M in deposits. The FDIC's estimated loss on the failure is $1.0M (17.7% of assets).
- Closing date
- September 23, 1989
- FDIC certificate #
- 16342
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First National Bank in Morr
- Insurance fund
- BIF
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