Data / Bank failures / 1988 / The Peoples State Bank & Trust Co
The Peoples State Bank & Trust Co, Ellinwood, KS: received FDIC assistance January 7, 1988
The Peoples State Bank & Trust Co in Ellinwood, Kansas, received open bank assistance from the FDIC on January 7, 1988. It held $36.6 million in assets and $39.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.5 million (6.7% of its assets). By assets it was the 315th largest of 470 banks closed or assisted in 1988.
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
- January 7, 1988
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- The Peoples State Bank & TR, Ellinwood, KS
- Total assets
- $36,619,000
- Total deposits
- $39,614,000
- Estimated cost to the FDIC
- $2,456,351 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 12133
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.