FARMERS STATE BANK IN AFTON Failed 1985

AFTON, OK · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

FARMERS STATE BANK IN AFTON of AFTON, OK was closed on 1985-10-17. The FDIC was named receiver.

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

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

Key facts

FDIC ID
1084
FDIC Certificate
2321
FDIC FIN
2505
Bank name
FARMERS STATE BANK IN AFTON
Location
AFTON, OK
Failure date
1985-10-17
FDIC resolution date
1985-10-17
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.)
$3M
Deposits at failure
$10M
Assets at failure
$11M
Acquiring bank
SECURITY BANK&TRUST CO (MIAMI, OK)