# FIRST STATE BANK

> **Failed bank** · WHITE CLOUD, KS · failed 1986-03-27 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

FIRST STATE BANK of WHITE CLOUD, KS was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $6M
- **Assets at failure:** $6M
- **Acquiring bank:** SILVER LAKE BANK (SILVER LAKE, KS)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST STATE BANK (FDIC ID 1166), failed 1986-03-27. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/1166.

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