THE HOME STATE BANK Failed 1988
What happened
THE HOME STATE BANK of RUSSELL, KS was closed on 1988-03-03. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB&T CO OF SALINA (SALINA, KS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1634
- FDIC Certificate
- 17726
- FDIC FIN
- 2791
- Bank name
- THE HOME STATE BANK
- Location
- RUSSELL, KS
- Failure date
- 1988-03-03
- FDIC resolution date
- 1988-03-03
- 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.)
- $11M
- Deposits at failure
- $62M
- Assets at failure
- $60M
- Acquiring bank
- FIRST NB&T CO OF SALINA (SALINA, KS)