Data / Bank failures / 1992 / First State Sa
First State Sa, Sedalia, MO: failed April 3, 1992
First State Sa in Sedalia, Missouri, failed on April 3, 1992. Mercantile Bank of Sedalia of Sedalia, MO, took over its deposits. It held $166.1 million in assets and $163.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2,023 (0% of its assets). By assets it was the 66th largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- April 3, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Mercantile Bank of Sedalia, Sedalia, MO
- Total assets
- $166,121,000
- Total deposits
- $163,947,000
- Estimated cost to the FDIC
- $2,023 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 29584
Other bank failures in Missouri, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Superior National Bank | Kansas City | April 14, 1994 | $20 million | $19.6 million | $3.7 million | Citizens-Jackson County Ban |
| The Merchants Bank | Kansas City | November 20, 1992 | $1.45 billion | $1.40 billion | $123.2 million | Boatmen's First NB of KC |
| Metro North State Bank | Kansas City | November 13, 1992 | $472.5 million | $493.8 million | $159.5 million | Boatmen's First NB of KC |
| First Exchange Bank North ST. Louis | Florissant | May 7, 1992 | $45.9 million | $47 million | First Bank A Savings Ban | |
| First Exchange Bank of ST. Louis | ST. Louis | May 7, 1992 | $55.6 million | $60.9 million | $7.1 million | Magna BK ST Louis Clayto |
| First Exchange Bank of Cape Girardeau | Cape Girardeau | May 7, 1992 | $84.4 million | $87 million | $9.7 million | Commerce BK Poplar Bluff |
| First Exchange Bank of Madison County | Fredericktown | May 7, 1992 | $34.8 million | $34.2 million | $1.6 million | Commerce BK ST Francois |
| Jackson Exchange Bank & Trust Co | Jackson | May 7, 1992 | $123.3 million | $127.8 million | $16.4 million | Boatmens NB Cape Girarde |
All bank failures in 1992 · 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.