The Graveyard › Banks › 1990
Farmers and Merchants Bank
Buckeye, AZ · failed June 18, 1990 · FDIC certificate 22852
Farmers and Merchants Bank of Buckeye, AZ failed on June 18, 1990. It opened on May 4, 1979, 11 years before. At its last report before that it held $24.0 million in assets and $22.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $31.3 million. The FDIC estimates that the Bank Insurance Fund lost $5.8 million on it.
1984-031990-03
Assets at the end$24.0 millionlast report before June 18, 1990
Deposits at the end$22.4 million
Estimated loss to the fund$5.8 millionBIF
Largest in the quarterly reports$31.3 millionSeptember 30, 1987
Equity to assets4.9%March 31, 1990
Loans not being repaid6.0%noncurrent, March 31, 1990
Return on assets-6.31%a year's rate, March 31, 1990
Staff25full time, March 31, 1990
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.