Bank failure · KS

First State Bank (White Cloud, KS) — failed March 27, 1986

First State Bank of White Cloud, Kansas was closed on March 27, 1986 and resolved through a purchase and assumption. Silver Lake Bank (KS) took over its insured deposits. At failure it held $6.1M in assets and $5.6M in deposits. The FDIC's estimated loss on the failure is $1.4M (23.0% of assets).