FDIC Open-Bank Assistance
The Talmage State Bank
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Assistance provided April 16, 1986 · Talmage, KS · FDIC Cert #13925.
- Assistance date
- April 16, 1986
- Headquarters
- Talmage, KS
- FDIC Certificate
- 13925
- Total assets at the time
- $9.3M
- Total deposits at the time
- $8.9M
- Estimated loss to the insurance fund
- $1.5M
- Insurance fund
- FDIC insurance fund
- Resolution
- Open-bank assistance (the institution stayed open)
- Acquirer
- The Talmage State Bank
Context
On April 16, 1986, the FDIC provided open-bank assistance to The Talmage State Bank, headquartered in Talmage, KS. The institution continued operating. At the time it held approximately $9.3M in assets and $8.9M in deposits. The assistance went to the bank itself; no other institution acquired it. The estimated cost to the FDIC insurance fund was approximately $1.5M.
The FDIC record for 1986 holds 162 failures and 42 open-bank assistance transactions. 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 FDIC provide assistance to The Talmage State Bank?
The Talmage State Bank received FDIC open-bank assistance on April 16, 1986; it did not fail.
How big was The Talmage State Bank at the time of assistance?
The Talmage State Bank had approximately $9.3M in total assets and $8.9M in deposits at the time of assistance.
Bank failures in 1986
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 1986 | Lakeland State Bank | $49.4M |
| Dec 19, 1986 | Farmers State Bank | $9.7M |
| Dec 18, 1986 | First Bank & Trust Co. | $94.9M |
| Dec 18, 1986 | Landmark National Bank | $12.9M |
| Dec 18, 1986 | Lago Vista National Bank | $11.9M |
| Dec 12, 1986 | Guaranty Federal Bank FSB | $63.8M |
| Dec 12, 1986 | First Savings of America | $47.0M |
| Dec 9, 1986 | The Citizens Bank of Windsor | $24.8M |
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