THE SECURITY NAT BK & TR CO. OF NORMAN Failed 1987
What happened
THE SECURITY NAT BK & TR CO. OF NORMAN of NORMAN, OK was closed on 1987-01-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SECURITY NB&T CO OF NORM (NORMAN, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1333
- FDIC Certificate
- 4159
- FDIC FIN
- 2631
- Bank name
- THE SECURITY NAT BK & TR CO. OF NORMAN
- Location
- NORMAN, OK
- Failure date
- 1987-01-08
- FDIC resolution date
- 1987-01-08
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $86M
- Deposits at failure
- $171M
- Assets at failure
- $199M
- Acquiring bank
- SECURITY NB&T CO OF NORM (NORMAN, OK)