Data / Bank failures / 1984 / The First State Bank
The First State Bank, Thayer, KS: failed August 22, 1984
The First State Bank in Thayer, Kansas, failed on August 22, 1984. First State Bank of Thayer, KS, took over its deposits. It held $12.2 million in assets and $11.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5.1 million (41.9% of its assets). By assets it was the 86th largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- August 22, 1984
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First State Bank, Thayer, KS
- Total assets
- $12,163,000
- Total deposits
- $11,224,000
- Estimated cost to the FDIC
- $5,094,345 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 4780
Other bank failures in Kansas, 1982 to 1986
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Hays State Bank | Hays | December 4, 1986 | $27.8 million | $32.3 million | $15.5 million | Farmers State BANK&TRUST |
| The Hoxie State Bank | Hoxie | November 13, 1986 | $35.8 million | $33.4 million | $9 million | Prairie State Bank |
| The Home State Bank | La Crosse | September 25, 1986 | $14.7 million | $13.6 million | $5.5 million | Farmers B&T NA |
| Reserve S&LA (assistance) | Witchita | August 27, 1986 | $21.5 million | $27.1 million | $8.2 million | Mid-Continent FS&LA |
| United Bank of Minneapolis | Minneapolis | August 21, 1986 | $22.7 million | $22.1 million | $2.4 million | Bennington State Bank |
| State Bank of Westphalia (assistance) | Westphalia | August 15, 1986 | $4.8 million | $4.7 million | Kansas State Bank | |
| The State Exchange Bank | Yates Center | August 14, 1986 | $27.8 million | $26.7 million | $7.5 million | Girard National Bank |
| The Easton State Bank | Eston | August 7, 1986 | $17.2 million | $17.2 million | $3.7 million | Fort National Bank |
Other failed banks First State Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Farmers' and Traders' State Bank | Shabbona | IL | June 8, 2012 | $43.1 million | $42.3 million | $10.2 million | First State Bank |
| Valley Community Bank | ST. Charles | IL | February 25, 2011 | $123.8 million | $124.2 million | $28.3 million | First State Bank |
| First National Bank of Cedar Hill | Cedar Hill | TX | May 16, 1991 | $11 million | $11.1 million | $2.6 million | First State Bank |
| First Fsa of Wewoka | Wewoka | OK | March 8, 1991 | $32.9 million | $27.9 million | $5.2 million | First State Bank |
| Bank of Meeker | Meeker | OK | March 15, 1990 | $15.5 million | $15.5 million | $3.8 million | First State Bank |
| Citizens Bank and Trust | Calvert | TX | March 9, 1989 | $14.2 million | $16.8 million | $5.3 million | First State Bank |
| The First National Bank of Gracemont | Gracemont | OK | November 10, 1988 | $6.6 million | $6.8 million | $1 million | First State Bank |
| Round Rock National Bank | Round Rock | TX | October 27, 1988 | $37 million | $37.1 million | $20 million | First State Bank |
All bank failures in 1984 · All bank failures in Kansas · Every failed bank First 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.