Bank failure · KS
The Bank of Commerce (Chanute, KS) — failed May 2, 1985
The Bank of Commerce of Chanute, Kansas was closed on May 2, 1985 and resolved through a purchase and assumption. Bank of Commerce (KS) took over its insured deposits. At failure it held $66.8M in assets and $63.9M in deposits. The FDIC's estimated loss on the failure is $15.9M (23.8% of assets).
- Closing date
- May 2, 1985
- FDIC certificate #
- 11775
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of Commerce
- Insurance fund
- FDIC
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