Data / Bank failures / 1983 / Bank of Niobrara
Bank of Niobrara, Niobrara, NE: failed July 8, 1983
Bank of Niobrara in Niobrara, Nebraska, failed on July 8, 1983. FARMERS&MERCHANTS STB BL of Bloomfield, NE, took over its deposits. It held $7.2 million in assets and $6.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.7 million (37.4% of its assets). By assets it was the 96th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- July 8, 1983
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- FARMERS&MERCHANTS STB BL, Bloomfield, NE
- Total assets
- $7,177,000
- Total deposits
- $6,123,000
- Estimated cost to the FDIC
- $2,683,872 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 13189
Other bank failures in Nebraska, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Bank of Panama | Panama | December 19, 1985 | $4.4 million | $4.3 million | $1.4 million | Farmers State Bank |
| Farmers State Bank | Sargent | December 19, 1985 | $12.5 million | $11.3 million | $1.6 million | First National Bank in O |
| Farmers & Merchants Bank | Comstock | December 19, 1985 | $3.3 million | $3.2 million | $784,936 | |
| Security State Bank | Broken Bow | December 5, 1985 | $8 million | $7.6 million | $1.6 million | |
| Elba State Bank | Elba | September 18, 1985 | $4.7 million | $4.2 million | $656,921 | |
| Farmers State Bank | Rising City | August 2, 1985 | $12.8 million | $11.9 million | $319,709 | Union BANK&TRUST Co |
| Scroggin & Company Bank | Oak | May 31, 1985 | $3.6 million | $3.2 million | $165,372 | |
| Security State Bank | Edgar | May 31, 1985 | $6.6 million | $6.1 million | $1.1 million | Guide Rock State Bank |
Other failed banks FARMERS&MERCHANTS STB BL took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Crofton State Bank | Crofton | NE | December 3, 1987 | $11.6 million | $10.8 million | $1.7 million | FARMERS&MERCHANTS STB BL |
| Center State Bank | Center | NE | December 3, 1987 | $8.4 million | $8 million | $1.6 million | FARMERS&MERCHANTS STB BL |
All bank failures in 1983 · All bank failures in Nebraska · Every failed bank FARMERS&MERCHANTS STB BL 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.