Bank failure · KS
The Murdock State Bank (Murdock, KS) — failed September 24, 1987
The Murdock State Bank of Murdock, Kansas was closed on September 24, 1987 and resolved through a insured deposit transfer. Farmers Stb of Norwich K (KS) took over its insured deposits. At failure it held $9.2M in assets and $8.0M in deposits. The FDIC's estimated loss on the failure is $2.1M (22.5% of assets).
- Closing date
- September 24, 1987
- FDIC certificate #
- 13607
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Farmers Stb of Norwich K
- Insurance fund
- FDIC
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