MCCUNE STATE BANK Failed 1986

MCCUNE, KS · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

MCCUNE STATE BANK of MCCUNE, KS was closed on 1986-07-24. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to CITY NB OF PITTSBURG (PITTSBURG, KS). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1238
FDIC Certificate
14111
FDIC FIN
2581
Bank name
MCCUNE STATE BANK
Location
MCCUNE, KS
Failure date
1986-07-24
FDIC resolution date
1986-07-24
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.)
$2M
Deposits at failure
$9M
Assets at failure
$9M
Acquiring bank
CITY NB OF PITTSBURG (PITTSBURG, KS)