Bank failure · KS
Valley Fs & LA of Hutchinson (Hutchinson, KS) — failed March 2, 1989
Valley Fs & LA of Hutchinson of Hutchinson, Kansas was closed on March 2, 1989 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $222.4M in assets and $199.1M in deposits. The FDIC's estimated loss on the failure is $103.3M (46.4% of assets).
- Closing date
- March 2, 1989
- FDIC certificate #
- 28159
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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