THE DOUGLASS STATE BANK Failed 1983

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

What happened

THE DOUGLASS STATE BANK of KANSAS CITY, KS was closed on 1983-09-02. The FDIC was named receiver.

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

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

Key facts

FDIC ID
818
FDIC Certificate
16614
FDIC FIN
2360
Bank name
THE DOUGLASS STATE BANK
Location
KANSAS CITY, KS
Failure date
1983-09-02
FDIC resolution date
1983-09-02
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.)
$11M
Deposits at failure
$31M
Assets at failure
$35M
Acquiring bank
DOUGLASS BANK (KANSAS CITY, KS)