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Bank failure · KS

The First National Bank of Herington (Herington, KS) — failed April 2, 1987

The First National Bank of Herington of Herington, Kansas was closed on April 2, 1987 and resolved through a purchase and assumption. Bank of Herington (KS) took over its insured deposits. At failure it held $20.7M in assets and $19.9M in deposits. The FDIC's estimated loss on the failure is $4.9M (23.8% of assets).

Closing date
April 2, 1987
FDIC certificate #
4685
Resolution
Purchase and assumption (failure)
Acquiring institution
Bank of Herington
Insurance fund
FDIC

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