Bank failure · NE
The Gering National Bank & Trust (Gering, NE) — failed July 31, 1986
The Gering National Bank & Trust of Gering, Nebraska was closed on July 31, 1986 and resolved through a purchase and assumption. Scottsbluff Nb&t Co (NE) took over its insured deposits. At failure it held $70.2M in assets and $70.6M in deposits. The FDIC's estimated loss on the failure is $19.5M (27.8% of assets).
- Closing date
- July 31, 1986
- FDIC certificate #
- 5409
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Scottsbluff Nb&t Co
- Insurance fund
- FDIC
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