Data / Bank failures / 1988 / The Farmers & Merchants BK of Hill City
The Farmers & Merchants BK of Hill City, Hill City, KS: failed February 18, 1988
The Farmers & Merchants BK of Hill City in Hill City, Kansas, failed on February 18, 1988. FARMERS&MERCHANTS BK Hil of Hill City, KS, took over its deposits. It held $16.5 million in assets and $16.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5 million (30.4% of its assets). By assets it was the 394th largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- February 18, 1988
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- FARMERS&MERCHANTS BK Hil, Hill City, KS
- Total assets
- $16,496,000
- Total deposits
- $16,611,000
- Estimated cost to the FDIC
- $5,017,904 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
- FDIC certificate
- 15862
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 |
All bank failures in 1988 · 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.