BANK OF CANTON Failed 1985
What happened
BANK OF CANTON of CANTON, OK was closed on 1985-10-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMMUNITY STATE BANK OF CAN (CANTON, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1081
- FDIC Certificate
- 15756
- FDIC FIN
- 2502
- Bank name
- BANK OF CANTON
- Location
- CANTON, OK
- Failure date
- 1985-10-10
- FDIC resolution date
- 1985-10-10
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $9M
- Deposits at failure
- $21M
- Assets at failure
- $22M
- Acquiring bank
- COMMUNITY STATE BANK OF CAN (CANTON, OK)