Data / Bank failures / 1985 / Farmers State Bank
Farmers State Bank, ST. Joseph, MO: failed May 3, 1985
Farmers State Bank in ST. Joseph, Missouri, failed on May 3, 1985. Farmers STB of Buchanan of ST. Joseph, MO, took over its deposits. It held $50.9 million in assets and $49.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $13.3 million (26.1% of its assets). By assets it was the 65th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- May 3, 1985
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Farmers STB of Buchanan, ST. Joseph, MO
- Total assets
- $50,867,000
- Total deposits
- $49,603,000
- Estimated cost to the FDIC
- $13,267,000 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 10599
Other bank failures in Missouri, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Boone County FS&LA (assistance) | Centralia | December 16, 1987 | $19.7 million | $20.8 million | $2.5 million | United S&LA |
| First Midwest Bank | Maryville | June 18, 1987 | $25.6 million | $25.7 million | $1.8 million | First Bank of Maryville |
| Security Bank of Rich Hill (assistance) | Rich Hill | June 5, 1987 | $13 million | $12.7 million | $225,000 | Security Bank of Rich Hill |
| First State Bank of Forest City | Forest City | April 16, 1987 | $6.5 million | $6.8 million | $1.8 million | |
| First State Bank of King City, Missouri | King City | February 13, 1987 | $14.5 million | $14.5 million | $5.5 million | Citizens BANK&TRUST Co |
| First State Bank of Pattonsburg | Pattonburg | January 29, 1987 | $5.9 million | $5.8 million | $1.5 million | |
| Bank of Kansas City (assistance) | Kansas City | December 29, 1986 | $114.1 million | $107.3 million | $1.2 million | The Merchants Bank |
| ST. Louis FS&LA (assistance) | Clayton | December 22, 1986 | $955.4 million | $963.2 million | $75.1 million | First Nationwide Bank A FSB |
All bank failures in 1985 · All bank failures in Missouri · 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.