Data / Bank failures / 1987 / First State Bank of Forest City
First State Bank of Forest City, Forest City, MO: failed April 16, 1987
First State Bank of Forest City in Forest City, Missouri, failed on April 16, 1987. It held $6.5 million in assets and $6.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.8 million (27.2% of its assets). By assets it was the 247th largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- April 16, 1987
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $6,457,000
- Total deposits
- $6,830,000
- Estimated cost to the FDIC
- $1,755,830 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 16291
Other bank failures in Missouri, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 102 Valley Bank | Hopkins | July 5, 1989 | $5 million | $5 million | $1.7 million | The Nodaway Valley Bank |
| Mid Missouri S & L Assoc. | Boonville | June 29, 1989 | $76.7 million | $67.6 million | $16.6 million | United S&LA |
| Missouri Savings Association | Clayton | June 29, 1989 | $661.1 million | $500.7 million | $48.8 million | Mercantile Bank of ST. Loui |
| Financial Federal Sa | Joplin | April 6, 1989 | $161.4 million | $173.1 million | $44.8 million | Farm & Home Sa |
| Cass FS & La of ST. Louis | Florissant | April 6, 1989 | $52.4 million | $65.8 million | $12.6 million | First Exchange Bank |
| First Fed. S & L of Southeast Mo. | Cape Girardeau | April 6, 1989 | $385.1 million | $332.1 million | $33.4 million | Cape Cty Bank of Cape Girar |
| Blue Valley FS & La | Kansas City | February 17, 1989 | $839.2 million | $820.2 million | $233.1 million | United Missouri City Bank |
| Lakeland State Bank | Camden County | September 1, 1988 | $9.3 million | $9.2 million | $546,346 | Community Bank of the Oz |
All bank failures in 1987 · All bank failures in Missouri · 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.