2017 FDIC Insured Failed Banks |
October 13, 2017: The Farmers and Merchants State Bank of Argonia was
closed by the Office of the State Bank Commissioner of Kansas. The FDIC
was named Receiver. Successor Bank: Conway Bank, Conway Springs, Kansas, assumed all of the deposits of The Farmers and Merchants State Bank of Argonia.
CONWAY
BANK History: 1901: Established as The Farmers and Merchants State Bank of Argonia
► Depositors must establish
contact or the successor bank or the FDIC to reclaim their deposits.
► Not every depositor in a failed bank will receive notification from the
FDIC, and there are time limits on claims of FDIC-insured bank accounts,
CDs and safe deposit boxes. By law, accounts which go unclaimed for an
extended period may be time barred, and safe deposit boxes can be drilled
and the contents sold at auction. ► Additionally, accounts transferred to
successor institutions may have lower interest rates and can lose
insurance coverage. ► It is important to understand
you may have an account at a failed institution and not know it,
either because you were a depositor at a bank acquired by an institution
that subsequently failed, or if you or a deceased family member are the
beneficial owner of a brokered fiduciary account. ► For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Account Search |
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FARMERS AND
MERCHANTS STATE BANK OF ARGONIA 101 SOUTH MAIN STREET ARGONIA, KS 67004 |
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Established as The Farmers and Merchants State Bank of Argonia |
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Cost to FDIC: $3 million |
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© 2008-2017 FAILED BANK REPORTER |