Data / Bank failures / 1992 / The Merchants Bank
The Merchants Bank, Kansas City, MO: failed November 20, 1992
The Merchants Bank in Kansas City, Missouri, failed on November 20, 1992. Boatmen's First NB of KC of Kansas City, MO, took over its deposits. It held $1.45 billion in assets and $1.40 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $123.2 million (8.5% of its assets). By assets it was the 16th largest of 181 banks closed or assisted in 1992.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- November 20, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Boatmen's First NB of KC, Kansas City, MO
- Total assets
- $1,451,535,000
- Total deposits
- $1,395,338,000
- Estimated cost to the FDIC
- $123,159,108 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- BIF
- FDIC certificate
- 15886
Other bank failures in Missouri, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Superior National Bank | Kansas City | April 14, 1994 | $20 million | $19.6 million | $3.7 million | Citizens-Jackson County Ban |
| Metro North State Bank | Kansas City | November 13, 1992 | $472.5 million | $493.8 million | $159.5 million | Boatmen's First NB of KC |
| First Exchange Bank North ST. Louis | Florissant | May 7, 1992 | $45.9 million | $47 million | First Bank A Savings Ban | |
| First Exchange Bank of ST. Louis | ST. Louis | May 7, 1992 | $55.6 million | $60.9 million | $7.1 million | Magna BK ST Louis Clayto |
| First Exchange Bank of Cape Girardeau | Cape Girardeau | May 7, 1992 | $84.4 million | $87 million | $9.7 million | Commerce BK Poplar Bluff |
| First Exchange Bank of Madison County | Fredericktown | May 7, 1992 | $34.8 million | $34.2 million | $1.6 million | Commerce BK ST Francois |
| Jackson Exchange Bank & Trust Co | Jackson | May 7, 1992 | $123.3 million | $127.8 million | $16.4 million | Boatmens NB Cape Girarde |
| First State Sa | Sedalia | April 3, 1992 | $166.1 million | $163.9 million | $2,023 | Mercantile Bank of Sedalia |
Other failed banks Boatmen's First NB of KC took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Metro North State Bank | Kansas City | MO | November 13, 1992 | $472.5 million | $493.8 million | $159.5 million | Boatmen's First NB of KC |
All bank failures in 1992 · All bank failures in Missouri · Every failed bank Boatmen's First NB of KC took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.