Failed Bank List

Closed Friday, September 4, 2009 · Kansas City, Jackson County, Missouri

First Bank of Kansas City

The estimated loss came to 48% of First Bank of Kansas City's assets, one of the 30 highest ratios among the 583 failures since 2000. Its assets had shrunk 55% from their peak in the second quarter of 2006 by the last report before closing. It reported a net loss in four of its final nine reporting years.

On the books, 2001 to 2009

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$10M$20M$30M$40M2002200320042005200620072008Closed
Total assets peaked at $35.0 million. Equity capital went from 10% of assets in the third quarter of 2001 to 2.0% at the last report. The deepest annual loss, $1.5 million, was booked in 2009 in only part of the year.
Net income in each reporting year before closing, with equity capital as a share of assets at year endNet income per yearEquity to assets at year end$1.6M−$1.6M2001: $202 thousand20018.4%2002: $402 thousand20028.6%2003: $395 thousand20038.6%2004: $371 thousand20048.4%2005: $128 thousand20058.0%2006: −$669 thousand20068.0%2007: −$703 thousand20078.8%2008: −$1.2 million20089.8%2009: −$1.5 million2009*2.0%
* 2009: January to June only, the last report before closing.

Size against the other 2009 failures

Total assets of the 140 banks that failed in 2009, log scale$10M$100M$1B$10B$100B
Total assets of each 2009 failure, log scale; First Bank of Kansas City in red.

By assets it ranked 138th of the 140 failures in 2009. Within Missouri it ranks 52nd by size of the 122 failures recorded since 1934. Across the failures of 2009, the median estimated loss came to 27% of assets. In the size ranking of that year, just above it was Gateway Bank of St. Louis of St. Louis, Missouri ($26.9 million, loss 43% of assets); just below, Home Federal Savings Bank of Detroit, Michigan ($13.0 million, loss 66% of assets). Every 2009 failure in the explorer.

Regulators closed five banks that day. The largest of the others was Vantus Bank of Sioux City, Iowa, at $504 million.

Failures in Missouri

It was one of three banks in Missouri to fail in 2009. The previous failure there was American Sterling Bank of Sugar Creek, on April 17, 2009. The next was Gateway Bank of St. Louis of St. Louis, on November 6, 2009. Jackson County has 10 failed banks on FDIC record since 1934. Closest in time: Home Savings Association of Kansas City, FA (1991), The Merchants Bank (1992), Superior National Bank (1994), Douglass National Bank (2008), American Sterling Bank (2009).

Bank failures in Missouri per year, 1980 to 20260258101982: 21983: 11984: 21985: 91986: 101987: 41988: 21989: 71990: 61991: 21992: 81994: 12008: 22009: 32010: 62011: 12012: 419801990200020102020
Per year since 1980, 2009 in red. Every Missouri failure

FDIC certificate 25231 · loss estimate as of July 31, 2026 · How to read this page