Data / Bank failures / 1983 / Merchants & Farmers State Bank
Merchants & Farmers State Bank, Blythe, CA: failed February 18, 1983
Merchants & Farmers State Bank in Blythe, California, failed on February 18, 1983. Credit Bank of Los Angeles, CA, took over its deposits. It held $5.9 million in assets and $5.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $972,215 (16.5% of its assets). By assets it was the 99th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- February 18, 1983
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Credit Bank, Los Angeles, CA
- Total assets
- $5,908,000
- Total deposits
- $5,685,000
- Estimated cost to the FDIC
- $972,215 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 23035
Other bank failures in California, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First City Bank | Glendale | December 20, 1985 | $35.8 million | $28.8 million | $5.9 million | Sterling Bank |
| California Heritage Bank | San Diego | November 22, 1985 | $24.1 million | $22.4 million | $3.2 million | Grossmont Bank |
| Farmers Savings Bank | Davis | October 18, 1985 | $590.3 million | $526.4 million | $137.8 million | |
| Golden Pacific S&LA (assistance) | Windsor | September 27, 1985 | $45.6 million | $46.2 million | $6.1 million | Empire of America-Californi |
| Presidio S&LA | Porterville | August 28, 1985 | $284.5 million | $244.9 million | $96.6 million | Gibralter Savings |
| Centennial S&LA | Guerneville | August 20, 1985 | $368.2 million | $367.8 million | $148.9 million | Citizens FS&LA |
| Butterfield S&LA (assistance) | Santa Ana | August 7, 1985 | $708.3 million | $768.3 million | $371.3 million | Downey S&LA |
| Bell S&LA (assistance) | San Mateo | July 25, 1985 | $1.64 billion | $1.31 billion | $829.7 million | Western FS&LA |
All bank failures in 1983 · All bank failures in California · 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.