Data / Bank failures / 1987 / The Falun State Bank
The Falun State Bank, Falun, KS: received FDIC assistance December 29, 1987
The Falun State Bank in Falun, Kansas, received open bank assistance from the FDIC on December 29, 1987. It held $3.1 million in assets and $3.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $50,000 (1.6% of its assets). By assets it was the 261st largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- December 29, 1987
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Farmers State Bank, Galva, KS
- Total assets
- $3,102,000
- Total deposits
- $3,060,000
- Estimated cost to the FDIC
- $50,000 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 14094
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 |
Other failed banks Farmers State Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The First National Bank of Worth | Wortham | TX | February 14, 1991 | $7.3 million | $7.7 million | $2.1 million | Farmers State Bank |
| The Garnett S & L Assoc. | Garnett | KS | December 7, 1989 | $13.6 million | $14.5 million | $794,302 | Farmers State Bank |
| Bank of Panama | Panama | NE | December 19, 1985 | $4.4 million | $4.3 million | $1.4 million | Farmers State Bank |
| The Bank of Red Oak | Red Oak | OK | December 16, 1983 | $11.1 million | $10.5 million | $2.8 million | Farmers State Bank |
All bank failures in 1987 · All bank failures in Kansas · Every failed bank Farmers 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.