# THE STATE EXCHANGE BANK

> **Failed bank** · YATES CENTER, KS · failed 1986-08-14 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $8M

## What happened

THE STATE EXCHANGE BANK of YATES CENTER, KS was closed by regulators 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
- **Estimated FDIC DIF cost:** $8M
- **Deposits at failure:** $27M
- **Assets at failure:** $28M
- **Acquiring bank:** GIRARD NATIONAL BANK (GIRARD, KS)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE STATE EXCHANGE BANK (FDIC ID 1254), failed 1986-08-14. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/1254.

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