Bank Failure
The Overland Park FS & La
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Closed November 13, 1992 · Overland Park, KS · FDIC Cert #30655.
- Closing date
- November 13, 1992
- Headquarters
- Overland Park, KS
- FDIC Certificate
- 30655
- Total assets at closing
- $213.4M
- Total deposits at closing
- $95.3M
- Estimated loss to the insurance fund
- $6.4M
- Insurance fund
- Resolution Trust Corporation (RTC)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Conservative SB, FSB
Context
On November 13, 1992, regulators closed The Overland Park FS & La, headquartered in Overland Park, KS. At closing, the institution held approximately $213.4M in assets and $95.3M in deposits. The FDIC record names Conservative SB, FSB as the acquiring institution in the resolution. The estimated cost to the Resolution Trust Corporation (RTC) was approximately $6.4M.
By assets at closing this is the 736th largest of the 3,526 bank failures in the FDIC record, and the 63rd 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 Overland Park FS & La fail?
The Overland Park FS & La was closed by regulators on November 13, 1992.
Who acquired The Overland Park FS & La?
The FDIC record names Conservative SB, FSB as the acquiring institution in the resolution of The Overland Park FS & La.
How big was The Overland Park FS & La when it failed?
The Overland Park FS & La had approximately $213.4M in total assets and $95.3M in deposits at the time of failure.
Other failures in 1992
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 1992 | The Rushville National Bank | $41.6M |
| Dec 18, 1992 | The Bremen State Bank | $2.7M |
| 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 |
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