THE FIRST NATIONAL BK & TR CO. OF NORMAN Failed 1986
What happened
THE FIRST NATIONAL BK & TR CO. OF NORMAN of NORMAN, OK was closed on 1986-05-29. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to LIBERTY NB&T CO OF OK CI (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1201
- FDIC Certificate
- 4157
- FDIC FIN
- 5697
- Bank name
- THE FIRST NATIONAL BK & TR CO. OF NORMAN
- Location
- NORMAN, OK
- Failure date
- 1986-05-29
- FDIC resolution date
- 1986-05-29
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $29M
- Deposits at failure
- $76M
- Assets at failure
- $73M
- Acquiring bank
- LIBERTY NB&T CO OF OK CI (OKLAHOMA CITY, OK)
Other banks LIBERTY NB&T CO OF OK CI acquired in FDIC resolutions