The Graveyard › Banks › 1985
The Farmers and Merchants State Bank of Ru
La Crosse, KS · failed November 21, 1985 · FDIC certificate 13160
The Farmers and Merchants State Bank of Ru of La Crosse, KS failed on November 21, 1985. It opened in 1888, 97 years before. At its last report before that it held $32.6 million in assets and $28.9 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $10.0 million on it.
1984-031985-09
Assets at the end$32.6 millionlast report before November 21, 1985
Deposits at the end$28.9 million
Estimated loss to the fund$10.0 millionFDIC
Largest in the quarterly reports$33.8 millionMarch 31, 1985
Equity to assets6.2%September 30, 1985
Loans not being repaid2.8%noncurrent, September 30, 1985
Return on assets-1.85%a year's rate, September 30, 1985
Staff21full time, September 30, 1985
Also ended in 1985
- Bowery Savings Bank · New York · $5.3 billion in assets · assisted
- Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
- Central S&LA · San Diego · $2.3 billion in assets · assisted
- Bell S&LA · San Mateo · $1.6 billion in assets · assisted
- Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
- Sunrise, S&LA · Lake Worth, FL · $1.5 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.