Does FTX own Farmington State Bank?

Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees. Alameda Research invested $11.5 million in the Farmington State Bank’s parent company, FBH. Dan Pelle/The Spokesman-Review

Does FTX have a stake in a small bank?

Dan Pelle/The Spokesman-Review Among the many surprising assets uncovered in the bankruptcy of the cryptocurrency exchange FTX is a relatively tiny one that could raise big concerns: a stake in one of the country’s smallest banks. The bank, Farmington State Bank in Washington State, has a single branch and, until this year, just three employees.

Is Farmington State Bank the smallest bank in the country?

FARMINGTON, Wash. – Among the many surprising assets uncovered in the bankruptcy of the cryptocurrency exchange FTX is a relatively tiny one that could raise big concerns: a stake in one of the country’s smallest banks. The bank, Farmington State Bank is an hour’s drive south of Spokane in Whitman County near the Idaho border.

Does Farmington State Bank have an ATM?

It’s home to just over 100 residents, and features zero restaurants, hotels, or pharmacies — it doesn’t even appear to have an ATM. The fact that Farmington State Bank somehow finds itself embroiled in the largest cryptocurrency fraud in history is puzzling, disconcerting, and totally out of place, to say the least.