Bank failure · KS
The Burr Oak State Bank (Burr Oak, KS) — failed August 31, 1989
The Burr Oak State Bank of Burr Oak, Kansas was closed on August 31, 1989 and resolved through a insured deposit transfer. First National Bank in Mank (KS) took over its insured deposits. At failure it held $4.4M in assets and $4.1M in deposits. The FDIC's estimated loss on the failure is $457K (10.4% of assets).
- Closing date
- August 31, 1989
- FDIC certificate #
- 9657
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First National Bank in Mank
- Insurance fund
- BIF
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