Bank Failure
University Bank of Wichita
BankRegReports is independent of University Bank of Wichita and never asks for online banking logins or passwords.
Closed December 11, 1984 · Wichita, KS · FDIC Cert #21505.
- Closing date
- December 11, 1984
- Headquarters
- Wichita, KS
- FDIC Certificate
- 21505
- Total assets at closing
- $4.7M
- Total deposits at closing
- $4.5M
- Estimated loss to the insurance fund
- $2.1M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- Charter Bank National As
Context
On December 11, 1984, regulators closed University Bank of Wichita, headquartered in Wichita, KS. At closing, the institution held approximately $4.7M in assets and $4.5M in deposits. The FDIC record names Charter Bank National As as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $2.1M.
By assets at closing this is the 3003rd largest of the 3,526 bank failures in the FDIC record, and the 79th of 83 in 1984. 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 University Bank of Wichita fail?
University Bank of Wichita was closed by regulators on December 11, 1984.
Who acquired University Bank of Wichita?
The FDIC record names Charter Bank National As as the acquiring institution in the resolution of University Bank of Wichita.
How big was University Bank of Wichita when it failed?
University Bank of Wichita had approximately $4.7M in total assets and $4.5M in deposits at the time of failure.
Other failures in 1984
| Date | Bank | Assets |
|---|---|---|
| Dec 22, 1984 | First Security Bank | $13.4M |
| Dec 20, 1984 | The Farmers State Bank | $14.6M |
| Dec 18, 1984 | Uehling State Bank | $4.2M |
| Dec 7, 1984 | San Marino S&LA | $856.8M |
| Dec 7, 1984 | Farmers State BK of Holyoke | $3.9M |
| Dec 4, 1984 | Golden Spike State Bank | $7.8M |
| Nov 30, 1984 | The Dayton BK & TR Co. | $51.4M |
| Nov 29, 1984 | The Strong City State Bank | $5.0M |
Explore: all failures · KS bank events · 1984 events · events hub