OCC Appoints FDIC Receiver for First National Bank of Anthony

WASHINGTON — The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for First National Bank of Anthony, Anthony, Kansas. First National Bank of Anthony has six branches and a loan production office all located in Kansas in the cities of Anthony, Harper, Mayfield, Olathe, Overland Park and Wichita. The bank, with approximately $156 million in assets as of March 31, 2009, was established in 1885.

The OCC acted after finding that the bank had experienced substantial dissipation of assets and earnings due to unsafe and unsound practices. The OCC also found that the bank has incurred losses that have depleted most of its capital, and there is no reasonable prospect that the bank will become adequately capitalized without Federal assistance.

The FDIC will release information about the resolution of the bank.