Conway Bank, Conway Springs, Kansas, Assumes All of the Deposits of The Farmers and Merchants State Bank of Argonia, Argonia, Kansas — 2017-10-13

The Farmers and Merchants State Bank of Argonia, Argonia, Kansas, was closed today by the Office of the State Bank Commissioner of Kansas, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Conway Bank, Conway Springs, Kansas, to assume all of the deposits of The Farmers and Merchants State Bank of Argonia. The two branches of The Farmers and Merchants State Bank of Argonia will reopen as branches of Conway Bank during their normal business hours. Depositors of The Farmers and Merchants State Bank of Argonia will automatically become depositors of Conway Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits.