Bank failure · KS

State Bank of Herndon (Herndon, KS) — failed August 14, 1985

State Bank of Herndon of Herndon, Kansas was closed on August 14, 1985 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $6.2M in assets and $5.8M in deposits. The FDIC's estimated loss on the failure is $1.6M (25.2% of assets).