Data / Bank failures / 1986 / Hays State Bank
Hays State Bank, Hays, KS: failed December 4, 1986
Hays State Bank in Hays, Kansas, failed on December 4, 1986. Farmers State BANK&TRUST of Hays, KS, took over its deposits. It held $27.8 million in assets and $32.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $15.5 million (55.7% of its assets). By assets it was the 116th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- December 4, 1986
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Farmers State BANK&TRUST, Hays, KS
- Total assets
- $27,762,000
- Total deposits
- $32,252,000
- Estimated cost to the FDIC
- $15,458,119 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 19094
Other bank failures in Kansas, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Rooks County Fsa (assistance) | Plainville | December 15, 1988 | $32 million | $35.2 million | $19.3 million | First FS&LA of Lincoln |
| The Sylvia State Bank | Sylvia | September 8, 1988 | $5.9 million | $5.3 million | $1.5 million | Turon State Bank |
| Burns State Bank (assistance) | Burns | April 15, 1988 | $4.4 million | $4.1 million | $567,000 | First National BANK&TRUST Co |
| Jennings Bank | Jennings | April 14, 1988 | $7.1 million | $7 million | $736,461 | Bank of Oberlin |
| The Home State Bank | Russell | March 3, 1988 | $59.9 million | $61.9 million | $10.7 million | First NB&T Co of Salina |
| The Farmers & Merchants BK of Hill City | Hill City | February 18, 1988 | $16.5 million | $16.6 million | $5 million | FARMERS&MERCHANTS BK Hil |
| The Bank of Louisburg | Louisburg | February 3, 1988 | $20.7 million | $20.5 million | $4.4 million | Peoples NB&T Ottawa |
| Cedar Vale State Bank | Cedar Vale | January 21, 1988 | $11.7 million | $11.5 million | $2.6 million | Chisholm Trail State Ban |
All bank failures in 1986 · 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.