THE BANK OF HORTON Failed 1991
What happened
THE BANK OF HORTON of HORTON, KS was closed on 1991-06-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to KANSAS STATE BANK (HOLTON, KS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3125
- FDIC Certificate
- 17681
- FDIC FIN
- 4366
- Bank name
- THE BANK OF HORTON
- Location
- HORTON, KS
- Failure date
- 1991-06-13
- FDIC resolution date
- 1991-06-13
- 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.)
- $4M
- Deposits at failure
- $171M
- Assets at failure
- $167M
- Acquiring bank
- KANSAS STATE BANK (HOLTON, KS)
Other banks KANSAS STATE BANK acquired in FDIC resolutions