HEARTLAND TRI-STATE BANK Failed 2023

What happened

HEARTLAND TRI-STATE BANK of ELKHART, KS was closed on 2023-07-28. The FDIC was named receiver.

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

Deposits were transferred to DREAM FIRST BANK,NATIONAL ASSOCIATION (SYRACUSE, KS). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

4108

FDIC Certificate

25851

FDIC FIN

10544

Bank name

HEARTLAND TRI-STATE BANK

Location

ELKHART, KS

Failure date

2023-07-28

FDIC resolution date

2023-07-28

Charter type

State commercial bank, Federal Reserve member

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$44M

Deposits at failure

$130M

Assets at failure

$139M

Acquiring bank

DREAM FIRST BANK,NATIONAL ASSOCIATION (SYRACUSE, KS)