Bank failure · KS

The Peoples State Bank & Trust Co (Ellinwood, KS) — failed January 7, 1988

The Peoples State Bank & Trust Co of Ellinwood, Kansas was closed on January 7, 1988 and resolved through a a/a. The Peoples State Bank & Tr (KS) took over its insured deposits. At failure it held $36.6M in assets and $39.6M in deposits. The FDIC's estimated loss on the failure is $2.5M (6.7% of assets).