The Graveyard › Banks › 1992
The Merchants Bank
Kansas City, MO · failed November 20, 1992 · FDIC certificate 15886
The Merchants Bank of Kansas City, MO failed on November 20, 1992. It opened on July 16, 1916, 76 years before. At its last report before that it held $1.5 billion in assets and $1.4 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $1.8 billion. The FDIC estimates that the Bank Insurance Fund lost $123.2 million on it.
1984-031992-09
Assets at the end$1.5 billionlast report before November 20, 1992
Deposits at the end$1.4 billion
Estimated loss to the fund$123.2 millionBIF
Largest in the quarterly reports$1.8 billionSeptember 30, 1989
Equity to assets2.8%September 30, 1992
Loans not being repaid10.3%noncurrent, September 30, 1992
Return on assets-3.26%a year's rate, September 30, 1992
Staff450full time, September 30, 1992
Also ended in 1992
- Homefed Bank, FA · San Diego, CA · $12.2 billion in assets
- Crossland Savings Bank, FSB · Brooklyn, NY · $7.4 billion in assets
- Carteret FSB · Madison, NJ · $4.8 billion in assets
- Meritor Savings Bank · Philadelphia, PA · $4.1 billion in assets
- Dollar Dry Dock Bank · White Plains, NY · $4.0 billion in assets
- The Howard Savings Bank · Newark, NJ · $3.5 billion in assets
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.