Bank failure · KS

First Fsa of Newton (Newton, KS) — failed May 10, 1991

First Fsa of Newton of Newton, Kansas was closed on May 10, 1991 and resolved through a purchase and assumption. Central Nb-Newton (KS) took over its insured deposits. At failure it held $125.6M in assets and $105.8M in deposits. The FDIC's estimated loss on the failure is $1.5M (1.2% of assets).