The Graveyard › Banks › 1988

The Farmers and Merchants Bank of Hill City

Hill City, KS · failed February 18, 1988 · FDIC certificate 15862

The Farmers and Merchants Bank of Hill City of Hill City, KS failed on February 18, 1988. It opened in 1886, 102 years before. At its last report before that it held $16.5 million in assets and $16.6 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $23.8 million. The FDIC estimates that the FDIC's insurance fund lost $5.0 million on it.

1984-031987-12

Assets at the end$16.5 millionlast report before February 18, 1988

Deposits at the end$16.6 million

Estimated loss to the fund$5.0 millionFDIC

Largest in the quarterly reports$23.8 millionJune 30, 1984

Equity to assets-1.9%December 31, 1987

Loans not being repaid6.7%noncurrent, December 31, 1987

Return on assets-3.75%a year's rate, December 31, 1987

Staff11full time, December 31, 1987

On the FDIC's list: THE FARMERS & MERCHANTS BK OF HILL CITY.

Could you have seen it coming? Play Black Monday

Also ended in 1988

American S&LA · Stockton · $30.2 billion in assets · assisted
First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
Gibraltar SA · Houston · $6.5 billion in assets · assisted
United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
First Texas Savings Association · Dallas · $3.1 billion in assets · assisted

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.