Bank Failure
THE MISSION STATE BK & TR CO.
Closed August 8, 1980 · MISSION, KS · FDIC Cert #1368.
- Closing date
- August 8, 1980
- Headquarters
- MISSION, KS
- FDIC Certificate
- 1368
- Total assets at closing
- $86,436,000
- Total deposits at closing
- $79,646,000
- Estimated loss to DIF
- $14,992,000
- Resolution type
- other
- Acquirer
- MISSION BANK (FDIC Cert #2283)
Context
On August 8, 1980, regulators closed THE MISSION STATE BK & TR CO., headquartered in MISSION, KS. At closing, the institution held approximately $86,436,000 in assets and $79,646,000 in deposits. The FDIC arranged a resolution under which MISSION BANK acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $14,992,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1980
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1980-12-31 | EAST GADSDEN BANK | GADSDEN, AL | $43,980,000 |
| 1980-12-31 | EAST GADSDEN BANK | GADSDEN, AL | $43,980,000 |
| 1980-11-21 | CITIZENS STATE BK OF GALENA | GALENA, KS | $10,338,000 |
| 1980-11-01 | SIOUX CITY FS&LA | SIOUX CITY, IA | $25,351,000 |
| 1980-10-14 | FIRST OF NILES FS&LA | NILES, MI | $131,814,000 |
| 1980-10-11 | THE ROCHELLE BK & TR CO. | ROCHELLE, IL | $8,430,000 |
| 1980-09-12 | THE METRO BK OF HUNTINGTON, INC. | HUNTINGTON, WV | $26,969,000 |
| 1980-09-01 | SECURITY S&LA | MARION, IA | $54,603,000 |
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