Bank Failure
Heartland Tri-State Bank
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Closed July 28, 2023 · Elkhart, KS · FDIC Cert #25851.
- Closing date
- July 28, 2023
- Headquarters
- Elkhart, KS
- FDIC Certificate
- 25851
- Total assets at closing
- $139.4M
- Total deposits at closing
- $130.1M
- Estimated loss to the insurance fund
- $42.7M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Dream First BANK,N.A.
Context
On July 28, 2023, regulators closed Heartland Tri-State Bank, headquartered in Elkhart, KS. At closing, the institution held approximately $139.4M in assets and $130.1M in deposits. The FDIC record names Dream First BANK,N.A. as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $42.7M.
By assets at closing this is the 991st largest of the 3,526 bank failures in the FDIC record, and the 4th of 5 in 2023. It falls in the period the record labels Regional Banking Stress (2023-present), a period with 15 failures peaking at 6 in 2026.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Heartland Tri-State Bank fail?
Heartland Tri-State Bank was closed by regulators on July 28, 2023.
Who acquired Heartland Tri-State Bank?
The FDIC record names Dream First BANK,N.A. as the acquiring institution in the resolution of Heartland Tri-State Bank.
How big was Heartland Tri-State Bank when it failed?
Heartland Tri-State Bank had approximately $139.4M in total assets and $130.1M in deposits at the time of failure.
Other failures in 2023
| Date | Bank | Assets |
|---|---|---|
| Nov 3, 2023 | Citizens Bank | $60.4M |
| May 1, 2023 | First Republic Bank | $212.64B |
| Mar 12, 2023 | Signature Bank | $110.36B |
| Mar 10, 2023 | Silicon Valley Bank | $209.03B |
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