# FIRST STATE BANK OF KING CITY, MISSOURI

> **Failed bank** · KING CITY, MO · failed 1987-02-13 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $5M

## What happened

FIRST STATE BANK OF KING CITY, MISSOURI of KING CITY, MO was closed by regulators on **1987-02-13**. The FDIC was named receiver.

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

Deposits were transferred to **CITIZENS BANK&TRUST CO** (CHILLICOTHE, MO). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1362
- **FDIC Certificate:** 14742
- **FDIC FIN:** 2646
- **Bank name:** FIRST STATE BANK OF KING CITY, MISSOURI
- **Location:** KING CITY, MO
- **Failure date:** 1987-02-13
- **FDIC resolution date:** 1987-02-13
- **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:** $5M
- **Deposits at failure:** $15M
- **Assets at failure:** $14M
- **Acquiring bank:** CITIZENS BANK&TRUST CO (CHILLICOTHE, MO)

## Other banks CITIZENS BANK&TRUST CO has acquired in FDIC resolutions

- PEOPLES BANK & TRUST CO. (WARTBURG, TN) — failed 1985-02-08 — /failed-bank/960

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20STATE%20BANK%20OF%20KING%20CITY%2C%20MISSOURI

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST STATE BANK OF KING CITY, MISSOURI (FDIC ID 1362), failed 1987-02-13. Retrieved via AI Analytics 2026-07-06 from https://api.ai-analytics.org/failed-bank/1362.

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