THE BANK OF LOUISBURG Failed 1988

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

What happened

THE BANK OF LOUISBURG of LOUISBURG, KS was closed on 1988-02-03. The FDIC was named receiver.

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

Deposits were transferred to PEOPLES NB&T OTTAWA (OTTAWA, KS). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1618
FDIC Certificate
5832
FDIC FIN
2780
Bank name
THE BANK OF LOUISBURG
Location
LOUISBURG, KS
Failure date
1988-02-03
FDIC resolution date
1988-02-03
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.)
$4M
Deposits at failure
$21M
Assets at failure
$21M
Acquiring bank
PEOPLES NB&T OTTAWA (OTTAWA, KS)