Bank failure · KS
Franklin Fsa (Ottawa, KS) — failed February 16, 1990
Franklin Fsa of Ottawa, Kansas was closed on February 16, 1990 and resolved through a purchase and assumption (insured deposits). Branch Sale (NA) took over its insured deposits. At failure it held $9.3B in assets and $4.6B in deposits. The FDIC's estimated loss on the failure is $38.2M (0.4% of assets).
- Closing date
- February 16, 1990
- FDIC certificate #
- 30311
- Resolution
- Purchase and assumption (insured deposits) (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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