# THE SYLVIA STATE BANK

> **Failed bank** · SYLVIA, KS · failed 1988-09-08 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

THE SYLVIA STATE BANK of SYLVIA, KS was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $5M
- **Assets at failure:** $6M
- **Acquiring bank:** TURON STATE BANK (TURON, KS)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20SYLVIA%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE SYLVIA STATE BANK (FDIC ID 1918), failed 1988-09-08. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1918.

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