Bank failure · MO

The Merchants Bank (Kansas City, MO) — failed November 20, 1992

The Merchants Bank of Kansas City, Missouri was closed on November 20, 1992 and resolved through a purchase and assumption (insured deposits). Boatmen'S First Nb of Kc (MO) took over its insured deposits. At failure it held $1.5B in assets and $1.4B in deposits. The FDIC's estimated loss on the failure is $123.2M (8.5% of assets).