Bank Failure
The Bremen State Bank
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Closed December 18, 1992 · Bremen, KS · FDIC Cert #17428.
- Closing date
- December 18, 1992
- Headquarters
- Bremen, KS
- FDIC Certificate
- 17428
- Total assets at closing
- $2.7M
- Total deposits at closing
- $2.6M
- Estimated loss to the insurance fund
- $722K
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
Context
On December 18, 1992, regulators closed The Bremen State Bank, headquartered in Bremen, KS. At closing, the institution held approximately $2.7M in assets and $2.6M in deposits. The FDIC record does not name an acquiring institution. The estimated cost to the Bank Insurance Fund (BIF) was approximately $722K.
By assets at closing this is the 3072nd largest of the 3,526 bank failures in the FDIC record, and the 179th of 179 in 1992. 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 Bremen State Bank fail?
The Bremen State Bank was closed by regulators on December 18, 1992.
How big was The Bremen State Bank when it failed?
The Bremen State Bank had approximately $2.7M in total assets and $2.6M in deposits at the time of failure.
Other failures in 1992
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 1992 | The Rushville National Bank | $41.6M |
| Dec 11, 1992 | Meritor Savings Bank | $4.13B |
| Dec 11, 1992 | Eastland Savings Bank | $515.3M |
| Dec 11, 1992 | Eastland Bank | $85.4M |
| Dec 11, 1992 | Sailors & Merchants B&T Co. | $34.8M |
| Dec 8, 1992 | Palm Beach FSA | $59.4M |
| Dec 4, 1992 | Carteret FSB | $4.83B |
| Dec 4, 1992 | Second National, FSB | $1.57B |
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