FAIRVIEW STATE BANK OF FAIRVIEW Failed 1986

What happened

FAIRVIEW STATE BANK OF FAIRVIEW of FAIRVIEW, OK was closed on 1986-09-04. The FDIC was named receiver.

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

Deposits were transferred to COMMUNITY NB OF OKARCHE (OKARCHE, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1270

FDIC Certificate

10673

FDIC FIN

2595

Bank name

FAIRVIEW STATE BANK OF FAIRVIEW

Location

FAIRVIEW, OK

Failure date

1986-09-04

FDIC resolution date

1986-09-04

Charter type

State commercial bank, Federal Reserve member

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$7M

Deposits at failure

$24M

Assets at failure

$24M

Acquiring bank

COMMUNITY NB OF OKARCHE (OKARCHE, OK)