Bank Failure
Almena State Bank
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Closed October 23, 2020 · Almena, KS · FDIC Cert #15426.
- Closing date
- October 23, 2020
- Headquarters
- Almena, KS
- FDIC Certificate
- 15426
- Total assets at closing
- $65.7M
- Total deposits at closing
- $64.9M
- Estimated loss to the insurance fund
- $15.9M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Equity Bank
Context
On October 23, 2020, regulators closed Almena State Bank, headquartered in Almena, KS. At closing, the institution held approximately $65.7M in assets and $64.9M in deposits. The FDIC record names Equity Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $15.9M.
By assets at closing this is the 1461st largest of the 3,526 bank failures in the FDIC record, and the 4th of 4 in 2020. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Almena State Bank fail?
Almena State Bank was closed by regulators on October 23, 2020.
Who acquired Almena State Bank?
The FDIC record names Equity Bank as the acquiring institution in the resolution of Almena State Bank.
How big was Almena State Bank when it failed?
Almena State Bank had approximately $65.7M in total assets and $64.9M in deposits at the time of failure.
Other failures in 2020
| Date | Bank | Assets |
|---|---|---|
| Oct 16, 2020 | First City Bank of Florida | $136.6M |
| Apr 3, 2020 | The First State Bank | $151.8M |
| Feb 14, 2020 | Ericson State Bank | $100.9M |
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