Data / Bank failures / 1987 / The Alexander State Bank
The Alexander State Bank, Alexander, KS: failed November 19, 1987
The Alexander State Bank in Alexander, Kansas, failed on November 19, 1987. It held $9.2 million in assets and $9.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.3 million (24.5% of its assets). By assets it was the 222nd largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- November 19, 1987
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $9,224,000
- Total deposits
- $9,377,000
- Estimated cost to the FDIC
- $2,259,923 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 13606
Other bank failures in Kansas, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 | |
| Barnard State Bank | Barnard | August 3, 1989 | $5 million | $5.1 million | $976,267 | Saline Valley Bank |
| First National Bank at Oswego | Oswego | May 18, 1989 | $24 million | $23.3 million | $1.9 million | Parsons Commercial Bank |
| First of Kansas Savings | Hays | April 6, 1989 | $53.9 million | $46.2 million | $6 million | First NB&T |
| The Farmers State Bank, Bogue | Bogue | March 16, 1989 | $8 million | $8 million | $1.7 million | Farmers & Merchants Bank of |
All bank failures in 1987 · 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.