Bank Failure
HEARTLAND TRI-STATE BANK
Closed July 28, 2023 · ELKHART , KS · FDIC Cert #25851 .
- Closing date
- July 28, 2023
- Headquarters
- ELKHART , KS
- FDIC Certificate
- 25851
- Total assets at closing
- $139,446,000
- Total deposits at closing
- $130,110,000
- Estimated loss to DIF
- $43,727,000
- Resolution type
- other
- Acquirer
- DREAM FIRST BANK,NATIONAL ASSOCIATION (FDIC Cert #10544)
Context
On July 28, 2023, regulators closed HEARTLAND TRI-STATE BANK , headquartered in ELKHART , KS . At closing, the institution held approximately $139,446,000 in assets and $130,110,000 in deposits . The FDIC arranged a resolution under which DREAM FIRST BANK,NATIONAL ASSOCIATION acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $43,727,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 2023
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 2023-11-03 | CITIZENS BANK | SAC CITY , IA | $60,448,000 |
| 2023-05-01 | FIRST REPUBLIC BANK | SAN FRANCISCO , CA | $212,638,872,000 |
| 2023-03-12 | SIGNATURE BANK | NEW YORK , NY | $110,363,650,000 |
| 2023-03-10 | SILICON VALLEY BANK | SANTA CLARA , CA | $209,026,000,000 |
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