CENTRAL BANK & TRUST OF TULSA Failed 1986

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

What happened

CENTRAL BANK & TRUST OF TULSA of TULSA, OK was closed on 1986-09-10. The FDIC was named receiver.

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

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

Key facts

FDIC ID
1272
FDIC Certificate
19167
FDIC FIN
2597
Bank name
CENTRAL BANK & TRUST OF TULSA
Location
TULSA, OK
Failure date
1986-09-10
FDIC resolution date
1986-09-10
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.)
$13M
Deposits at failure
$72M
Assets at failure
$80M
Acquiring bank
F&M BANK&TRUST CO (TULSA, OK)