Bank failure · KS

Cedar Vale State Bank (Cedar Vale, KS) — failed January 21, 1988

Cedar Vale State Bank of Cedar Vale, Kansas was closed on January 21, 1988 and resolved through a purchase and assumption. Chisholm Trail State Ban (KS) took over its insured deposits. At failure it held $11.7M in assets and $11.5M in deposits. The FDIC's estimated loss on the failure is $2.6M (22.4% of assets).