Bank failure · KS

The Farmers & Merchants Bk of Hill City (Hill City, KS) — failed February 18, 1988

The Farmers & Merchants Bk of Hill City of Hill City, Kansas was closed on February 18, 1988 and resolved through a purchase and assumption. Farmers&merchants Bk Hil (KS) took over its insured deposits. At failure it held $16.5M in assets and $16.6M in deposits. The FDIC's estimated loss on the failure is $5.0M (30.4% of assets).