THE STATE EXCHANGE BANK Failed 1986

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

What happened

THE STATE EXCHANGE BANK of YATES CENTER, KS was closed on 1986-08-14. The FDIC was named receiver.

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

Deposits were transferred to GIRARD NATIONAL BANK (GIRARD, KS). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1254
FDIC Certificate
8112
FDIC FIN
2590
Bank name
THE STATE EXCHANGE BANK
Location
YATES CENTER, KS
Failure date
1986-08-14
FDIC resolution date
1986-08-14
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.)
$8M
Deposits at failure
$27M
Assets at failure
$28M
Acquiring bank
GIRARD NATIONAL BANK (GIRARD, KS)