On Friday, February 14, 2020, Ericson State Bank was closed by the Nebraska Department of Banking and Finance. The FDIC was named Receiver. Farmers and Merchants Bank, Milford, NE acquired all deposit accounts.
The FDIC as Receiver for Ericson State Bank, Ericson, NE has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on September 27, 2023 and has made all dividend distributions required by law.
Effective June 1, 2024, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Notice of Intent to Terminate
Balance Sheet
Dividend Information
Beware of Scams
If you are concerned about becoming a victim of fraud, be advised that you will not receive any communication from the FDIC requesting any private information. Be watchful for and resistant to any scams to obtain information from you by individuals or entities stating they are acting on behalf of Ericson State Bank, Farmers and Merchants Bank, or the FDIC. The FDIC, however, will encourage you to correspond with us via the Failed Bank Customer Service Center (FBCSC), a secure web portal.
TRANSACTION DOCUMENTATION
Purchase & Assumption Agreement
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank
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