Bank Failure
North Kansas Sa
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Closed November 19, 1982 · Beloit, KS · FDIC Cert #30729.
- Closing date
- November 19, 1982
- Headquarters
- Beloit, KS
- FDIC Certificate
- 30729
- Total assets at closing
- $36.5M
- Total deposits at closing
- $31.1M
- Estimated loss to the insurance fund
- $7.2M
- Insurance fund
- Federal Savings and Loan Insurance Corporation (FSLIC)
- Resolution
- Failure (closed by regulators)
Context
On November 19, 1982, regulators closed North Kansas Sa, headquartered in Beloit, KS. At closing, the institution held approximately $36.5M in assets and $31.1M in deposits. The FDIC record does not name an acquiring institution. The estimated cost to the Federal Savings and Loan Insurance Corporation (FSLIC) was approximately $7.2M.
By assets at closing this is the 1880th largest of the 3,526 bank failures in the FDIC record, and the 5th of 34 in 1982. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did North Kansas Sa fail?
North Kansas Sa was closed by regulators on November 19, 1982.
How big was North Kansas Sa when it failed?
North Kansas Sa had approximately $36.5M in total assets and $31.1M in deposits at the time of failure.
Other failures in 1982
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 1982 | The Security State Bank | $11.6M |
| Dec 10, 1982 | Bollinger County Bank | $15.9M |
| Nov 19, 1982 | Ranchlander National Bank | $4.3M |
| Nov 12, 1982 | Bank of Quitman | $17.4M |
| Nov 5, 1982 | The First National Bank of South Charlesto | $28.6M |
| Nov 5, 1982 | Texas BK of Amarillo | $13.1M |
| Nov 2, 1982 | Cedar Bluff Bank | $13.7M |
| Oct 8, 1982 | Tri-State Bank | $16.3M |
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