[1] For most of its existence, the bank was 49% owned by the state government, although it was privately managed.
[2] On February 4, 1807, the Delaware General Assembly passed legislation allowing the Farmers' Bank to incorporate and issue $500,000 of capital, via 10,000 shares at $50 each.
The bank was incorporated by Henry M. Ridgely in Dover, with branches in New Castle and Georgetown.
[3] In 1976, the state of Delaware increased its ownership from 49% to 80% after the bank lost $20.8 million in 1975 and the Federal Deposit Insurance Corporation (FDIC) noted that it would cost more to liquidate the bank than to inject capital.
[4] As part of the deal between Governor Sherman W. Tribbitt and the FDIC, the state of Delaware agreed to keep all its deposits in the bank.