Data / Bank failures / 2020 / Ericson State Bank
Ericson State Bank, Ericson, NE: failed February 14, 2020
Ericson State Bank in Ericson, Nebraska, failed on February 14, 2020. Farmers and Merchants Bank of Milford, NE, took over its deposits. It held $100.9 million in assets and $95.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $23.3 million (23.1% of its assets). By assets it was the 3rd largest of 4 banks closed or assisted in 2020.
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The FDIC's record
- Closed
- February 14, 2020
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Farmers and Merchants Bank, Milford, NE
- Total assets
- $100,879,000
- Total deposits
- $95,159,000
- Estimated cost to the FDIC
- $23,278,878 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 18265
All bank failures in 2020 · All bank failures in Nebraska · 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.