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The Farmers & Merchants Bank of Sheyenne

Sheyenne, ND · failed October 26, 1990 · FDIC certificate 13245

The Farmers & Merchants Bank of Sheyenne of Sheyenne, ND failed on October 26, 1990. It opened in 1906, 84 years before. At its last report before that it held $2.9 million in assets and $2.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $4.5 million. The FDIC estimates that the Bank Insurance Fund lost $825,847 on it.

1984-031990-09

Assets at the end$2.9 millionlast report before October 26, 1990

Deposits at the end$2.9 million

Estimated loss to the fund$825,847BIF

Largest in the quarterly reports$4.5 millionMarch 31, 1987

Equity to assets0.3%September 30, 1990

Loans not being repaid38.9%noncurrent, September 30, 1990

Return on assets-2.17%a year's rate, September 30, 1990

Staff4full time, September 30, 1990

On the FDIC's list: THE FARMERS AND MERCHANTS BANK OF SHEYENNE.

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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.