Data / Bank failures / 1986 / Bank of Gering
Bank of Gering, Gering, NE: failed October 23, 1986
Bank of Gering in Gering, Nebraska, failed on October 23, 1986. First State Bank of Scottsbluff, NE, took over its deposits. It held $24.2 million in assets and $22.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.9 million (16% of its assets). By assets it was the 122nd largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- October 23, 1986
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First State Bank, Scottsbluff, NE
- Total assets
- $24,155,000
- Total deposits
- $22,157,000
- Estimated cost to the FDIC
- $3,872,617 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 5437
Other bank failures in Nebraska, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Platte Valley FS&LA | Gering | July 21, 1988 | $407.6 million | $400.1 million | ||
| Frenchman Valley Bank | Palisade | March 10, 1988 | $2.8 million | $2.7 million | $601,833 | |
| State Bank of Jansen | Jansen | December 3, 1987 | $5 million | $4.6 million | $264,440 | Security NB of Superior |
| Crofton State Bank | Crofton | December 3, 1987 | $11.6 million | $10.8 million | $1.7 million | FARMERS&MERCHANTS STB BL |
| Center State Bank | Center | December 3, 1987 | $8.4 million | $8 million | $1.6 million | FARMERS&MERCHANTS STB BL |
| First State Bank | Oakdale | December 3, 1987 | $5.6 million | $5.4 million | $499,508 | First United Bank |
| American Security Bank | North Platte | October 30, 1987 | $27.1 million | $26.5 million | $3.7 million | North Platte National Ba |
| Security State Bank | Oxford | October 1, 1987 | $12.2 million | $11.7 million | $1.8 million | Union BANK&TRUST Co |
Other failed banks First State Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Farmers' and Traders' State Bank | Shabbona | IL | June 8, 2012 | $43.1 million | $42.3 million | $10.2 million | First State Bank |
| Valley Community Bank | ST. Charles | IL | February 25, 2011 | $123.8 million | $124.2 million | $28.3 million | First State Bank |
| First National Bank of Cedar Hill | Cedar Hill | TX | May 16, 1991 | $11 million | $11.1 million | $2.6 million | First State Bank |
| First Fsa of Wewoka | Wewoka | OK | March 8, 1991 | $32.9 million | $27.9 million | $5.2 million | First State Bank |
| Bank of Meeker | Meeker | OK | March 15, 1990 | $15.5 million | $15.5 million | $3.8 million | First State Bank |
| Citizens Bank and Trust | Calvert | TX | March 9, 1989 | $14.2 million | $16.8 million | $5.3 million | First State Bank |
| The First National Bank of Gracemont | Gracemont | OK | November 10, 1988 | $6.6 million | $6.8 million | $1 million | First State Bank |
| Round Rock National Bank | Round Rock | TX | October 27, 1988 | $37 million | $37.1 million | $20 million | First State Bank |
All bank failures in 1986 · All bank failures in Nebraska · Every failed bank First State Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.