Data / Bank failures / 2011 / The First National Bank of Olathe
The First National Bank of Olathe, Olathe, KS: failed August 12, 2011
The First National Bank of Olathe in Olathe, Kansas, failed on August 12, 2011. Enterprise Bank & Trust of Clayton, MO, took over its deposits. It held $538.1 million in assets and $524.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $103.3 million (19.2% of its assets). By assets it was the 18th largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- August 12, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Enterprise Bank & Trust, Clayton, MO
- Total assets
- $538,091,000
- Total deposits
- $524,290,000
- Estimated cost to the FDIC
- $103,327,601 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- DIF
- FDIC certificate
- 4744
Other bank failures in Kansas, 2009 to 2013
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Heartland Bank | Leawood | July 20, 2012 | $96 million | $89.7 million | $362,839 | Metcalf Bank |
| Hillcrest Bank | Overland Park | October 22, 2010 | $1.58 billion | $1.49 billion | $275.3 million | Hillcrest Bank, N.A. |
| Security Savings Bank, F.S.B. | Olathe | October 15, 2010 | $453.3 million | $347.1 million | $53.1 million | Simmons First National Bank |
| Thunder Bank | Sylvan Grove | July 23, 2010 | $28.2 million | $27 million | $6.7 million | The Bennington State Bank |
| Solutionsbank | Overland Park | December 11, 2009 | $511.1 million | $421.3 million | $93.4 million | Arvest Bank |
| First National Bank of Anthony | Anthony | June 19, 2009 | $157 million | $142.6 million | $33.2 million | Bank of Kansas |
| Teambank, N.A. | Paola | March 20, 2009 | $669.8 million | $532.5 million | $134.6 million | Great Southern Bank |
Other failed banks Enterprise Bank & Trust took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Legacy Bank | Scottsdale | AZ | January 7, 2011 | $136.4 million | $119.7 million | $32.2 million | Enterprise Bank & Trust |
| Valley Capital Bank, N.A. | Mesa | AZ | December 11, 2009 | $40.3 million | $41.3 million | $15 million | Enterprise Bank & Trust |
All bank failures in 2011 · All bank failures in Kansas · Every failed bank Enterprise Bank & Trust 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.