Data / Bank failures / 1986 / State Bank of Westphalia
State Bank of Westphalia, Westphalia, KS: received FDIC assistance August 15, 1986
State Bank of Westphalia in Westphalia, Kansas, received open bank assistance from the FDIC on August 15, 1986. It held $4.8 million in assets and $4.7 million in deposits at its last report. By assets it was the 200th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- August 15, 1986
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Kansas State Bank, Garnett, KS
- Total assets
- $4,830,000
- Total deposits
- $4,728,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 15603
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 |
Other failed banks Kansas State Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Bank of Horton | Horton | KS | June 13, 1991 | $167.3 million | $170.5 million | $4.3 million | Kansas State Bank |
All bank failures in 1986 · All bank failures in Kansas · Every failed bank Kansas State Bank 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.