Data / Bank failures / 1988 / Burns State Bank
Burns State Bank, Burns, KS: received FDIC assistance April 15, 1988
Burns State Bank in Burns, Kansas, received open bank assistance from the FDIC on April 15, 1988. It held $4.4 million in assets and $4.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $567,000 (12.9% of its assets). By assets it was the 467th largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- April 15, 1988
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First National BANK&TRUST Co, El Dorado, KS
- Total assets
- $4,382,000
- Total deposits
- $4,126,000
- Estimated cost to the FDIC
- $567,000 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 15811
Other bank failures in Kansas, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Bazine State Bank | Bazine | April 12, 1990 | $16.9 million | $16.5 million | $2 million | Farmers Bank & Trust, Natio |
| Hiawatha Savings & Loan | Hiawatha | March 9, 1990 | $49.2 million | $54.1 million | $38.4 million | Morrill & Janes B&TC |
| Franklin Fsa | Ottawa | February 16, 1990 | $9.26 billion | $4.64 billion | $38.2 million | |
| Colonial Federal Savings Assoc. | Prairie Village | January 18, 1990 | $136.4 million | $102.4 million | $16.6 million | First Colonial Bank NA |
| The Garnett S & L Assoc. | Garnett | December 7, 1989 | $13.6 million | $14.5 million | $794,302 | Farmers State Bank |
| Mid Kansas S & La Assoc. | Wichita | October 19, 1989 | $761.9 million | $595.6 million | $72.8 million | |
| The Burr Oak State Bank | Burr Oak | August 31, 1989 | $4.4 million | $4.1 million | $457,197 | First National Bank in Mank |
| Peoples Heritage FS & La | Salina | August 10, 1989 | $1.81 billion | $1.47 billion | $707 million |
All bank failures in 1988 · All bank failures in Kansas · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.