Data / Bank failures / 2009 / Sherman County Bank
Sherman County Bank, Loup City, NE: failed February 13, 2009
Sherman County Bank in Loup City, Nebraska, failed on February 13, 2009. Heritage Bank of Wood River, NE, took over its deposits. It held $135.4 million in assets and $90.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $42.7 million (31.5% of its assets). By assets it was the 110th largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- February 13, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Heritage Bank, Wood River, NE
- Total assets
- $135,431,000
- Total deposits
- $90,647,000
- Estimated cost to the FDIC
- $42,684,004 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 5431
Other bank failures in Nebraska, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Mid City Bank, Inc. | Omaha | November 4, 2011 | $106.1 million | $105.5 million | $10.9 million | Purdum State Bank |
| Tierone Bank | Lincoln | June 4, 2010 | $2.82 billion | $2.19 billion | Great Western Bank |
Other failed banks Heritage Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Pierce Commercial Bank | Tacoma | WA | November 5, 2010 | $221.1 million | $193.5 million | $26.8 million | Heritage Bank |
| The Cowlitz Bank | Longview | WA | July 30, 2010 | $489 million | $474.7 million | $31.3 million | Heritage Bank |
All bank failures in 2009 · All bank failures in Nebraska · Every failed bank Heritage Bank 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.