Bank failure · KS
McCune State Bank (McCune, KS) — failed July 24, 1986
McCune State Bank of McCune, Kansas was closed on July 24, 1986 and resolved through a purchase and assumption. City Nb of Pittsburg (KS) took over its insured deposits. At failure it held $9.1M in assets and $8.7M in deposits. The FDIC's estimated loss on the failure is $1.7M (18.8% of assets).
- Closing date
- July 24, 1986
- FDIC certificate #
- 14111
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- City Nb of Pittsburg
- Insurance fund
- FDIC
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