THE SYLVIA STATE BANK Failed 1988

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

What happened

THE SYLVIA STATE BANK of SYLVIA, KS was closed on 1988-09-08. The FDIC was named receiver.

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

Deposits were transferred to TURON STATE BANK (TURON, KS). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1918
FDIC Certificate
16582
FDIC FIN
2915
Bank name
THE SYLVIA STATE BANK
Location
SYLVIA, KS
Failure date
1988-09-08
FDIC resolution date
1988-09-08
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.)
$1M
Deposits at failure
$5M
Assets at failure
$6M
Acquiring bank
TURON STATE BANK (TURON, KS)