Bank Failure
The Barber County S & L Assoc.
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Closed March 2, 1989 · Medicine Lodge, KS · FDIC Cert #27726.
- Closing date
- March 2, 1989
- Headquarters
- Medicine Lodge, KS
- FDIC Certificate
- 27726
- Total assets at closing
- $47.5M
- Total deposits at closing
- $41.7M
- Estimated loss to the insurance fund
- $15.4M
- Insurance fund
- Resolution Trust Corporation (RTC)
- Resolution
- Failure (closed by regulators)
- Acquirer
- First NB
Context
On March 2, 1989, regulators closed The Barber County S & L Assoc., headquartered in Medicine Lodge, KS. At closing, the institution held approximately $47.5M in assets and $41.7M in deposits. The FDIC record names First NB as the acquiring institution in the resolution. The estimated cost to the Resolution Trust Corporation (RTC) was approximately $15.4M.
By assets at closing this is the 1699th largest of the 3,526 bank failures in the FDIC record, and the 326th of 530 in 1989. 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 Barber County S & L Assoc. fail?
The Barber County S & L Assoc. was closed by regulators on March 2, 1989.
Who acquired The Barber County S & L Assoc.?
The FDIC record names First NB as the acquiring institution in the resolution of The Barber County S & L Assoc.
How big was The Barber County S & L Assoc. when it failed?
The Barber County S & L Assoc. had approximately $47.5M in total assets and $41.7M in deposits at the time of failure.
Other failures in 1989
| Date | Bank | Assets |
|---|---|---|
| Dec 21, 1989 | Columbia FSA | $77.1M |
| Dec 21, 1989 | Silver Savings Assoc. | $32.2M |
| Dec 20, 1989 | First City National Bank and Trust | $39.5M |
| Dec 20, 1989 | United Community Bank | $32.3M |
| Dec 15, 1989 | First American Bank and Trust | $1.38B |
| Dec 14, 1989 | Yorkridge-Calvert Federal Savings | $585.8M |
| Dec 14, 1989 | Louisiana Savings Assn. | $449.3M |
| Dec 14, 1989 | First Acadiana Bank | $46.8M |
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