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Bank failure · KS

The Alexander State Bank (Alexander, KS) — failed November 19, 1987

The Alexander State Bank of Alexander, Kansas was closed on November 19, 1987 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $9.2M in assets and $9.4M in deposits. The FDIC's estimated loss on the failure is $2.3M (24.5% of assets).

Closing date
November 19, 1987
FDIC certificate #
13606
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

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What happens when a bank fails