Data / Bank failures / 1985 / Elba State Bank
Elba State Bank, Elba, NE: failed September 18, 1985
Elba State Bank in Elba, Nebraska, failed on September 18, 1985. It held $4.7 million in assets and $4.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $656,921 (13.9% of its assets). By assets it was the 169th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- September 18, 1985
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $4,735,000
- Total deposits
- $4,217,000
- Estimated cost to the FDIC
- $656,921 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 12743
Other bank failures in Nebraska, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Bank of Gering | Gering | October 23, 1986 | $24.2 million | $22.2 million | $3.9 million | First State Bank |
| The Gering National Bank & Trust | Gering | July 31, 1986 | $70.2 million | $70.6 million | $19.5 million | Scottsbluff NB&T Co |
All bank failures in 1985 · All bank failures in Nebraska · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.