CORDELL NATIONAL BANK Failed 1986

What happened

CORDELL NATIONAL BANK of CORDELL, OK was closed on 1986-12-05. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

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

Key facts

FDIC ID

1318

FDIC Certificate

4069

FDIC FIN

5779

Bank name

CORDELL NATIONAL BANK

Location

CORDELL, OK

Failure date

1986-12-05

FDIC resolution date

1986-12-05

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$36M

Deposits at failure

$74M

Assets at failure

$79M

Acquiring bank

CITY NB OF WEATHERFORD (WEATHERFORD, OK)