Bank failure · KS
United Bank of Minneapolis (Minneapolis, KS) — failed August 21, 1986
United Bank of Minneapolis of Minneapolis, Kansas was closed on August 21, 1986 and resolved through a purchase and assumption. Bennington State Bank (KS) took over its insured deposits. At failure it held $22.7M in assets and $22.1M in deposits. The FDIC's estimated loss on the failure is $2.4M (10.4% of assets).
- Closing date
- August 21, 1986
- FDIC certificate #
- 9662
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bennington State Bank
- Insurance fund
- FDIC
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