BURNS STATE BANK Failed 1988

What happened

BURNS STATE BANK of BURNS, KS was closed on 1988-04-15. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to FIRST NATIONAL BANK&TRUST CO (EL DORADO, KS). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1668

FDIC Certificate

15811

FDIC FIN

1950

Bank name

BURNS STATE BANK

Location

BURNS, KS

Failure date

1988-04-15

FDIC resolution date

1988-04-15

Charter type

State commercial bank, non-Federal Reserve member (FDIC-supervised)

Resolution type

A/A

FDIC DIF cost (est.)

$1M

Deposits at failure

$4M

Assets at failure

$4M

Acquiring bank

FIRST NATIONAL BANK&TRUST CO (EL DORADO, KS)