Bank Failure
The Home State Bank
Closed February 16, 1989 · Arcadia, KS · FDIC Cert #13830.
- Closing date
- February 16, 1989
- Headquarters
- Arcadia, KS
- FDIC Certificate
- 13830
- Total assets at closing
- $1.7M
- Total deposits at closing
- $1.7M
- Estimated loss to DIF
- $263K
- Resolution
- Failure (closed by regulators)
Context
On February 16, 1989, regulators closed The Home State Bank, headquartered in Arcadia, KS. At closing, the institution held approximately $1.7M in assets and $1.7M in deposits. The FDIC resolved the institution without a single-acquirer transaction. The estimated cost to the FDIC Deposit Insurance Fund was approximately $263K.
By assets at closing this is the 3091st largest of the 3,524 bank failures in the FDIC record, and the 530th 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 Home State Bank fail?
The Home State Bank was closed by regulators on February 16, 1989.
How big was The Home State Bank when it failed?
The Home State Bank had approximately $1.7M in total assets and $1.7M 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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