Data / Bank failures / 1990 / Franklin Fsa
Franklin Fsa, Ottawa, KS: failed February 16, 1990
Franklin Fsa in Ottawa, Kansas, failed on February 16, 1990. It held $9.26 billion in assets and $4.64 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $38.2 million (0.4% of its assets). By assets it was the 2nd largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- February 16, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- None, NA
- Total assets
- $9,258,163,000
- Total deposits
- $4,638,598,000
- Estimated cost to the FDIC
- $38,167,423 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 30311
Other bank failures in Kansas, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| First Fsa of Newton | Newton | May 10, 1991 | $125.6 million | $105.8 million | $1.5 million | Central Nb-Newton |
| First FS & La of Pittsburg | Pittsburg | May 3, 1991 | $290.9 million | $143.5 million | $4,726 | Farm & Home Sa |
| The Bazine State Bank | Bazine | April 12, 1990 | $16.9 million | $16.5 million | $2 million | Farmers Bank & Trust, Natio |
All bank failures in 1990 · 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.