# BANK OF CANTON

> **Failed bank** · CANTON, OK · failed 1985-10-10 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $9M

## What happened

BANK OF CANTON of CANTON, OK was closed by regulators 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
- **Estimated FDIC DIF cost:** $9M
- **Deposits at failure:** $21M
- **Assets at failure:** $22M
- **Acquiring bank:** COMMUNITY STATE BANK OF CAN (CANTON, OK)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BANK%20OF%20CANTON

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF CANTON (FDIC ID 1081), failed 1985-10-10. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1081.

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