THE MISSION STATE BK & TR CO. Failed 1980

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

What happened

THE MISSION STATE BK & TR CO. of MISSION, KS was closed on 1980-08-08. The FDIC was named receiver.

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

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

Key facts

FDIC ID
577
FDIC Certificate
1368
FDIC FIN
2283
Bank name
THE MISSION STATE BK & TR CO.
Location
MISSION, KS
Failure date
1980-08-08
FDIC resolution date
1980-08-08
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.)
$15M
Deposits at failure
$80M
Assets at failure
$86M
Acquiring bank
MISSION BANK (MISSION, KS)