FDIC Open-Bank Assistance
Reserve S&LA
BankRegReports is independent of Reserve S&LA and never asks for online banking logins or passwords.
Assistance provided August 27, 1986 · Witchita, KS · FDIC Cert #31902.
- Assistance date
- August 27, 1986
- Headquarters
- Witchita, KS
- FDIC Certificate
- 31902
- Total assets at the time
- $21.5M
- Total deposits at the time
- $27.1M
- Estimated loss to the insurance fund
- $8.2M
- Insurance fund
- Federal Savings and Loan Insurance Corporation (FSLIC)
- Resolution
- Open-bank assistance (the institution stayed open)
- Acquirer
- Mid-Continent FS&LA
Context
On August 27, 1986, the FDIC provided open-bank assistance to Reserve S&LA, headquartered in Witchita, KS. The institution continued operating. At the time it held approximately $21.5M in assets and $27.1M in deposits. The FDIC record names Mid-Continent FS&LA as the acquiring institution in the assisted transaction. The estimated cost to the Federal Savings and Loan Insurance Corporation (FSLIC) was approximately $8.2M.
The FDIC record for 1986 holds 162 failures and 42 open-bank assistance transactions. 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 the FDIC provide assistance to Reserve S&LA?
Reserve S&LA received FDIC open-bank assistance on August 27, 1986; it did not fail.
How big was Reserve S&LA at the time of assistance?
Reserve S&LA had approximately $21.5M in total assets and $27.1M in deposits at the time of assistance.
Bank failures in 1986
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 1986 | Lakeland State Bank | $49.4M |
| Dec 19, 1986 | Farmers State Bank | $9.7M |
| Dec 18, 1986 | First Bank & Trust Co. | $94.9M |
| Dec 18, 1986 | Landmark National Bank | $12.9M |
| Dec 18, 1986 | Lago Vista National Bank | $11.9M |
| Dec 12, 1986 | Guaranty Federal Bank FSB | $63.8M |
| Dec 12, 1986 | First Savings of America | $47.0M |
| Dec 9, 1986 | The Citizens Bank of Windsor | $24.8M |
Explore: all failures · KS bank events · Bank failures in Kansas · 1986 events · events hub