Bank failure · KS
First National Bank at Oswego (Oswego, KS) — failed May 18, 1989
First National Bank at Oswego of Oswego, Kansas was closed on May 18, 1989 and resolved through a purchase and assumption. Parsons Commercial Bank (KS) took over its insured deposits. At failure it held $24.0M in assets and $23.3M in deposits. The FDIC's estimated loss on the failure is $1.9M (8.0% of assets).
- Closing date
- May 18, 1989
- FDIC certificate #
- 4749
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Parsons Commercial Bank
- Insurance fund
- FDIC
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