FIRST STATE BANK Failed 1986
What happened
FIRST STATE BANK of CACHE, OK was closed on 1986-01-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERICAN NB OF LAWTON (LAWTON, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1131
- FDIC Certificate
- 8976
- FDIC FIN
- 2528
- Bank name
- FIRST STATE BANK
- Location
- CACHE, OK
- Failure date
- 1986-01-09
- FDIC resolution date
- 1986-01-09
- 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.)
- $4M
- Deposits at failure
- $19M
- Assets at failure
- $21M
- Acquiring bank
- AMERICAN NB OF LAWTON (LAWTON, OK)
Other banks AMERICAN NB OF LAWTON acquired in FDIC resolutions