THE BURR OAK STATE BANK Failed 1989
What happened
THE BURR OAK STATE BANK of BURR OAK, KS was closed on 1989-08-31. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST NATIONAL BANK IN MANK (MANKATO, KS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2499
- FDIC Certificate
- 9657
- FDIC FIN
- 5985
- Bank name
- THE BURR OAK STATE BANK
- Location
- BURR OAK, KS
- Failure date
- 1989-08-31
- FDIC resolution date
- 1989-08-31
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $4M
- Assets at failure
- $4M
- Acquiring bank
- FIRST NATIONAL BANK IN MANK (MANKATO, KS)