Bank failure · KS

Burns State Bank (Burns, KS) — failed April 15, 1988

Burns State Bank of Burns, Kansas was closed on April 15, 1988 and resolved through a a/a. First National Bank&trust Co (KS) took over its insured deposits. At failure it held $4.4M in assets and $4.1M in deposits. The FDIC's estimated loss on the failure is $567K (12.9% of assets).