Data / Bank failures / 1986 / Farmers FS&LA
Farmers FS&LA, Ravenswood, WV: received FDIC assistance October 23, 1986
Farmers FS&LA in Ravenswood, West Virginia, received open bank assistance from the FDIC on October 23, 1986. It held $131.3 million in assets and $124.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $237,598 (0.2% of its assets). By assets it was the 38th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- October 23, 1986
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Poughkeepsie SB FSB, Poughkeepsie, NY
- Total assets
- $131,271,000
- Total deposits
- $124,706,000
- Estimated cost to the FDIC
- $237,598 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 27712
Other bank failures in West Virginia, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Mountain State FS&LA (assistance) | Clarksburg | February 10, 1988 | $91.4 million | $100.5 million | $21.7 million | Traders FS&LA |
| Magnet Bank FSB (assistance) | Charleston | February 10, 1988 | $547.1 million | $418.8 million | $115.9 million | Traders FS&LA |
| Traders FS&LA (assistance) | Parkersburg | February 10, 1988 | $68.5 million | $73.1 million | $18.9 million | Atlantic Financial Federal |
| The Tucker County Bank | Parsons | February 3, 1984 | $15.4 million | $14.8 million | $2.6 million | Citizens NB of Elkins |
Other failed banks Poughkeepsie SB FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First State S&LA (assistance) | Spartansburg | SC | October 23, 1986 | $78.8 million | $77.9 million | $64,402 | Poughkeepsie SB FSB |
All bank failures in 1986 · All bank failures in West Virginia · Every failed bank Poughkeepsie SB FSB 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.