Bank failure · KS
The State Exchange Bank (Yates Center, KS) — failed August 14, 1986
The State Exchange Bank of Yates Center, Kansas was closed on August 14, 1986 and resolved through a purchase and assumption. Girard National Bank (KS) took over its insured deposits. At failure it held $27.8M in assets and $26.7M in deposits. The FDIC's estimated loss on the failure is $7.5M (27.1% of assets).
- Closing date
- August 14, 1986
- FDIC certificate #
- 8112
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Girard National Bank
- Insurance fund
- FDIC
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