Farmers Savings Bank
Massena, IA · Owner: Curry Ban Corp
$16.9M
total assets, December 31, 1984
$16.9M
total assets, December 31, 1984
Farmers Savings Bank was a state nonmember bank in Massena, IA, owned by Curry Ban Corp. It failed on May 3, 1985, and Union National Bank took over its deposits. At its last report it held $16.9 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1984
This bank failed
- Failed on
- May 3, 1985
- Assets
- $16.9M
- Deposits
- $15.4M
- Estimated cost
- $6.4M
- Deposits went to
- Union National Bank, Massena, IA
Total assets
$16.9M
vs a year before: - · +1.5% in a quarter
Deposits
$15.4M
vs a year before: - · +5.5% in a quarter
Loans
$14.0M
vs a year before: - · +0.7% in a quarter
Profit so far
-$34K
Jan 1 to Dec 31, 1984
Capital ratio
6.26%
Return on assets
-0.20%
Yearly rate
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Massena, IA, 50853
- County
- Cass
- Holding company
- Curry Ban Corp
- Established
- Jan 1, 1897
- Failed
- May 3, 1985
- Employees
- 8
- Id
- b16573
Quarter by quarter
March 31, 1984 to December 31, 1984
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 4
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Farmers Savings Bank?
$16.9 million in total assets and $15.4 million in deposits as of December 31, 1984. Its loans were $14.0 million.
Is Farmers Savings Bank profitable?
No: it lost $34,000 from January 1 to December 31, 1984. Its return on assets was -0.20% a year; about 1% is typical.
Who owns Farmers Savings Bank?
Farmers Savings Bank is owned by Curry Ban Corp, its holding company.
When did Farmers Savings Bank fail?
May 3, 1985. Union National Bank of Massena, IA took over its deposits. The estimated cost of the failure was $6.41 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.