Bank failure · KS

The Sylvia State Bank (Sylvia, KS) — failed September 8, 1988

The Sylvia State Bank of Sylvia, Kansas was closed on September 8, 1988 and resolved through a purchase and assumption. Turon State Bank (KS) took over its insured deposits. At failure it held $5.9M in assets and $5.3M in deposits. The FDIC's estimated loss on the failure is $1.5M (25.1% of assets).