Data / Bank failures / 1991 / First FS & La of Pittsburg
First FS & La of Pittsburg, Pittsburg, KS: failed May 3, 1991
First FS & La of Pittsburg in Pittsburg, Kansas, failed on May 3, 1991. Farm & Home Sa of Kansas City, MO, took over its deposits. It held $290.9 million in assets and $143.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $4,726 (0% of its assets). By assets it was the 69th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- May 3, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Farm & Home Sa, Kansas City, MO
- Total assets
- $290,886,000
- Total deposits
- $143,505,000
- Estimated cost to the FDIC
- $4,726 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 28975
Other bank failures in Kansas, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Pioneer FS & La | Prairie Village | April 2, 1993 | $132.9 million | $128 million | $36.3 million | |
| College Boulevard National Bank | Overland Park | April 2, 1993 | $202.8 million | $190.8 million | $15.4 million | First NB of Kansas |
| Midland Bank of Kansas | Mission | April 2, 1993 | $124.3 million | $120.9 million | $12.9 million | Bank IV Kansas National |
| The Bremen State Bank | Bremen | December 18, 1992 | $2.7 million | $2.6 million | $722,043 | |
| The Overland Park FS & La | Overland Park | November 13, 1992 | $213.4 million | $95.3 million | $6.4 million | Conservative SB, FSB |
| The Home State Bank | Longton | June 4, 1992 | $4.2 million | $4.2 million | $729,952 | |
| The Douglass Bank (assistance) | Kansas City | December 4, 1991 | $31.9 million | $30.2 million | $880,547 | The Douglass Bank |
| The Bank of Horton | Horton | June 13, 1991 | $167.3 million | $170.5 million | $4.3 million | Kansas State Bank |
Other failed banks Farm & Home Sa took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Financial Federal Sa | Joplin | MO | April 6, 1989 | $161.4 million | $173.1 million | $44.8 million | Farm & Home Sa |
All bank failures in 1991 · All bank failures in Kansas · Every failed bank Farm & Home Sa took over · 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.