Bank failure · KS
The Farmers State Bank, Bogue (Bogue, KS) — failed March 16, 1989
The Farmers State Bank, Bogue of Bogue, Kansas was closed on March 16, 1989 and resolved through a purchase and assumption. Farmers & Merchants Bank of (KS) took over its insured deposits. At failure it held $8.0M in assets and $8.0M in deposits. The FDIC's estimated loss on the failure is $1.7M (20.9% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 15223
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Farmers & Merchants Bank of
- Insurance fund
- FDIC
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