A Kansas bank failed, becoming the fourth to be seized by regulators and the fifth to fail.

Heartland Tri-State Bank, a four-branch bank, failed in 2023.

The Federal Deposit Insurance Corporation reported $139 million in assets, with other failing banks having assets over $100 billion.

The Kansas banking industry remains strong, with banks like JPMorgan Chase remaining strong.

Dream First Bank of Syracuse, Kansas, agreed to take over Heartland Tri-State’s deposits and buy most of its assets.

The failure is expected to cost the FDIC’s Deposit Insurance Fund $54.2 million.