Data / Bank failures / 1988 / Jennings Bank
Jennings Bank, Jennings, KS: failed April 14, 1988
Jennings Bank in Jennings, Kansas, failed on April 14, 1988. Bank of Oberlin of Oberlin, KS, took over its deposits. It held $7.1 million in assets and $7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $736,461 (10.4% of its assets). By assets it was the 452nd largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- April 14, 1988
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Bank of Oberlin, Oberlin, KS
- Total assets
- $7,087,000
- Total deposits
- $6,978,000
- Estimated cost to the FDIC
- $736,461 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 22188
Other bank failures in Kansas, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Bazine State Bank | Bazine | April 12, 1990 | $16.9 million | $16.5 million | $2 million | Farmers Bank & Trust, Natio |
| Hiawatha Savings & Loan | Hiawatha | March 9, 1990 | $49.2 million | $54.1 million | $38.4 million | Morrill & Janes B&TC |
| Franklin Fsa | Ottawa | February 16, 1990 | $9.26 billion | $4.64 billion | $38.2 million | |
| Colonial Federal Savings Assoc. | Prairie Village | January 18, 1990 | $136.4 million | $102.4 million | $16.6 million | First Colonial Bank NA |
| The Garnett S & L Assoc. | Garnett | December 7, 1989 | $13.6 million | $14.5 million | $794,302 | Farmers State Bank |
| Mid Kansas S & La Assoc. | Wichita | October 19, 1989 | $761.9 million | $595.6 million | $72.8 million | |
| The Burr Oak State Bank | Burr Oak | August 31, 1989 | $4.4 million | $4.1 million | $457,197 | First National Bank in Mank |
| Peoples Heritage FS & La | Salina | August 10, 1989 | $1.81 billion | $1.47 billion | $707 million |
Other failed banks Bank of Oberlin took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Decataur County National Bank of Oberlin | Oberlin | KS | November 21, 1985 | $18.4 million | $16.8 million | $4 million | Bank of Oberlin |
All bank failures in 1988 · All bank failures in Kansas · Every failed bank Bank of Oberlin 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.