Bank failure · KS
The Falun State Bank (Falun, KS) — failed December 29, 1987
The Falun State Bank of Falun, Kansas was closed on December 29, 1987 and resolved through a a/a. Farmers State Bank (KS) took over its insured deposits. At failure it held $3.1M in assets and $3.1M in deposits. The FDIC's estimated loss on the failure is $50K (1.6% of assets).
- Closing date
- December 29, 1987
- FDIC certificate #
- 14094
- Resolution
- A/A (assistance)
- Acquiring institution
- Farmers State Bank
- Insurance fund
- FDIC
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