Data / Bank failures / 1949 / Farmers & Merchants State Bank
Farmers & Merchants State Bank, Spencerville, IN: failed October 8, 1949
Farmers & Merchants State Bank in Spencerville, Indiana, failed on October 8, 1949. It held $354,000 in assets and $437,000 in deposits at its last report. By assets it was the 4th largest of 4 banks closed or assisted in 1949.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- October 8, 1949
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $354,000
- Total deposits
- $437,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Indiana, 1947 to 1951
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The First National Bank of Dyer | Dyer | February 19, 1949 | $3.2 million | $3.1 million |
All bank failures in 1949 · All bank failures in Indiana · 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.