FIRST STATE BANK Failed 1986
What happened
FIRST STATE BANK of WHITE CLOUD, KS was closed on 1986-03-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SILVER LAKE BANK (SILVER LAKE, KS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1166
- FDIC Certificate
- 17616
- FDIC FIN
- 2542
- Bank name
- FIRST STATE BANK
- Location
- WHITE CLOUD, KS
- Failure date
- 1986-03-27
- FDIC resolution date
- 1986-03-27
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $6M
- Assets at failure
- $6M
- Acquiring bank
- SILVER LAKE BANK (SILVER LAKE, KS)