FIRST CITY BANK, N.A. Failed 1985

What happened

FIRST CITY BANK, N.A. of OKLAHOMA CITY, OK was closed on 1985-06-21. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to CITY BANK&TRUST (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1013

FDIC Certificate

4165

FDIC FIN

2474

Bank name

FIRST CITY BANK, N.A.

Location

OKLAHOMA CITY, OK

Failure date

1985-06-21

FDIC resolution date

1985-06-21

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$33M

Deposits at failure

$93M

Assets at failure

$98M

Acquiring bank

CITY BANK&TRUST (OKLAHOMA CITY, OK)