Bank Failure
Liberal State Bank
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Closed June 9, 1959 · Liberal, MO .
- Closing date
- June 9, 1959
- Headquarters
- Liberal, MO
- Total assets at closing
- $1.0M
- Total deposits at closing
- $925K
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On June 9, 1959, regulators closed Liberal State Bank, headquartered in Liberal, MO. At closing, the institution held approximately $1.0M in assets and $925K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3124th largest of the 3,526 bank failures in the FDIC record, and the 2nd of 3 in 1959. It falls in the period the record labels Postwar Stability (1945-1979), a period with 161 failures peaking at 16 in 1976.
Three decades of regulated calm — Reg Q ceilings, geographic branching limits, and high industry profits kept failures rare.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Liberal State Bank fail?
Liberal State Bank was closed by regulators on June 9, 1959.
How big was Liberal State Bank when it failed?
Liberal State Bank had approximately $1.0M in total assets and $925K in deposits at the time of failure.
Other failures in 1959
| Date | Bank | Assets |
|---|---|---|
| Dec 3, 1959 | First State Bank | $1.3M |
| May 13, 1959 | The Bartlett State Bank | $570K |
Explore: all failures · MO bank events · 1959 events · events hub