Bank failure · KS
The Sedan State Bank (Sedan, KS) — failed September 25, 1985
The Sedan State Bank of Sedan, Kansas was closed on September 25, 1985 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $28.2M in assets and $26.6M in deposits. The FDIC's estimated loss on the failure is $8.3M (29.6% of assets).
- Closing date
- September 25, 1985
- FDIC certificate #
- 1148
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC
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