Bank failure · KS

The Bank of Louisburg (Louisburg, KS) — failed February 3, 1988

The Bank of Louisburg of Louisburg, Kansas was closed on February 3, 1988 and resolved through a purchase and assumption. Peoples Nb&t Ottawa (KS) took over its insured deposits. At failure it held $20.7M in assets and $20.5M in deposits. The FDIC's estimated loss on the failure is $4.4M (21.5% of assets).