Data / Bank failures / 1984 / Farmers State Bank
Farmers State Bank, Lyons, SD: failed June 15, 1984
Farmers State Bank in Lyons, South Dakota, failed on June 15, 1984. Dakota State Bank of Colman, SD, took over its deposits. It held $3.2 million in assets and $3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $854,695 (26.5% of its assets). By assets it was the 105th largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- June 15, 1984
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Dakota State Bank, Colman, SD
- Total assets
- $3,231,000
- Total deposits
- $2,984,000
- Estimated cost to the FDIC
- $854,695 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 9009
Other bank failures in South Dakota, 1982 to 1986
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Stockholm State Bank | Stockholm | March 27, 1986 | $7.2 million | $6.6 million | $991,473 | Community STB of Stockho |
| Mitchell Home S&LA (assistance) | Mitchell | August 1, 1984 | $16.6 million | $18 million | Metropolitan Fed BK FSB | |
| Community Bank | Hartford | June 17, 1983 | $32 million | $28.3 million | $5.9 million | Western Bank |
| First Dakota Home S&LA (assistance) | Pierre | June 10, 1983 | $27.8 million | $26.1 million | $1.8 million | Home FS&LA Sioux Falls |
| First FS&LA of Sioux Falls (assistance) | Sioux Falls | June 10, 1983 | $78 million | $75.3 million | $6.9 million | Home FS&LA Sioux Falls |
| Home Trust S&LA (assistance) | Vermillion | December 20, 1982 | $13.2 million | $12.1 million | $300,000 | Home Trust S&LA |
| First Dakota Home S&LA (assistance) | Pierre | September 20, 1982 | $27.8 million | $25.6 million | $1.1 million | First Dakota Home S&LA |
| First FS&LA of Sioux Falls (assistance) | Sioux Falls | September 20, 1982 | $78.2 million | $74.3 million | $2.9 million | First Dakota Home S&LA |
All bank failures in 1984 · All bank failures in South Dakota · 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.