Bank failure · MO

First State Sa (Sedalia, MO) — failed April 3, 1992

First State Sa of Sedalia, Missouri was closed on April 3, 1992 and resolved through a purchase and assumption. Mercantile Bank of Sedalia (MO) took over its insured deposits. At failure it held $166.1M in assets and $163.9M in deposits. The FDIC's estimated loss on the failure is $2K (0.0% of assets).