Bank failure · MO
First State Bank of King City, Missouri (King City, MO) — failed February 13, 1987
First State Bank of King City, Missouri of King City, Missouri was closed on February 13, 1987 and resolved through a purchase and assumption. Citizens Bank&trust Co (MO) took over its insured deposits. At failure it held $14.5M in assets and $14.5M in deposits. The FDIC's estimated loss on the failure is $5.5M (38.0% of assets).
- Closing date
- February 13, 1987
- FDIC certificate #
- 14742
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citizens Bank&trust Co
- Insurance fund
- FDIC
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