BANK OF COMMERCE & TRUST COMPANY Failed 1986

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

What happened

BANK OF COMMERCE & TRUST COMPANY of TULSA, OK was closed on 1986-05-08. The FDIC was named receiver.

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

Deposits were transferred to FIRST NB&T CO OF TULSA (TULSA, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1191
FDIC Certificate
4215
FDIC FIN
2556
Bank name
BANK OF COMMERCE & TRUST COMPANY
Location
TULSA, OK
Failure date
1986-05-08
FDIC resolution date
1986-05-08
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.)
$53M
Deposits at failure
$154M
Assets at failure
$183M
Acquiring bank
FIRST NB&T CO OF TULSA (TULSA, OK)